While the strong links between Australia and Brazil in sectors such as mining and energy are well recognised, it is lesser known that there is a very strong contingent of Brazilian professionals working in construction and design roles right around Australia. Furthermore, in June 2022 the Brazilian government committed $1.3 billion to invest in sustainable infrastructure projects in the country - hopefully Australia can be an important partner in this major new push, with expats in both countries contributing on multiple fronts, thereby further strengthening the Australia Brazil relationship. This networking event, scheduled for Tuesday August 2, will feature insights from key professionals working in the construction and design sectors in Perth and help pave the way for future collaboration. For more details and to register click HERE.
"The tariff reductions make Australian products cheaper to import, increasing their competitiveness relative to products made domestically and regionally. Exporters should continue to monitor for further tariff reduction announcements by the Brazilian Government. They should also consider working with Austrade and Brazilian importers to identify export opportunities. To pursue market access for commodities, exporters should contact the Department of Agriculture, Water and the Environment." Read the full report HERE / SOURCE: Austrade
"The Brazilian government has $1.3 billion to invest in sustainable infrastructure projects. The amount comes as part of an agreement signed by the country’s Ministry of Infrastructure and the Inter-American Development Bank (IDB), during the Brazil Investment Forum, in São Paulo last week." Read the full article HERE / SOURCE: Agência Brasil
The expectation was that it could be accepted at the current WTO ministerial conference in what is known as the “anti-corruption deal” in global trade rules. But the appetite of industrialized countries is great and demands for further concessions continue. Australia presented new demands last week. One of them is for Brazil to offer access also to bids in construction services of the Ministry of Defense. It also asked the inclusion in the procurement list of the National Nuclear Energy Commission and the Brazilian Space Agency. Brazil had already signaled that it could improve its offer but warned its partners to keep their feet on the ground, because it would not give the full opening demanded by some. The Brazilian evaluation is that what is on the table is already an ambitious offer, especially being the first Latin American country to join this agreement." Read the full article HERE / Source: Valor International
The 5th edition of Brazil Investment Forum (BIF 2022) is scheduled for 14th and 15th June, 2022. The BIF is the largest investment forum in Latin America, organized by the Brazilian Federal Government, ApexBrasil and Banco Interamericano de Desenvolvimento.
In 2021, the event was attended by more than 6,000 registered participants from more than 100 countries. The two-day event takes place on an online platform, and registration is free. The list of speakers includes officials from the Brazilian government and international organizations, as well as experts and top executives of global companies. Registered participants will have access to a business networking platform and will be able to submit consultations about investments in Brazil.
The program of the event is available at: https://brasilinvestmentforum.com/br/pt.html
"The measure will affect beef, chicken meat, wheat and wheat flour, crackers and biscuits, corn and other bakery products. The government also cancelled tariffs for imports of sulfuric acid, used in fertilizers, and reduced the rate for mancozeb fungicide to 4% from 12.6%, lowering agricultural production costs." Read the full article HERE / SOURCE: The Cattle Site
Commencing on 1 July 2022, the arrangement will allow up to 500 young Brazilians aged between 18 and 30 to stay in Australia each year, for a 12-month holiday during which they can undertake short-term work and study. Australia has seen rapid growth in migration from Brazil in the past 20 years, with an estimated 46,450 Brazilian-born residents in 2018 – an increase of over 800 per cent since 2001. Prior to the COVID-19 pandemic, Brazil was also the largest source of international students in Australia outside of Asia and fifth largest globally. “The new arrangement will support the rapidly growing science, research, education, economic and institutional links between Australia and Brazil,” Mr Hawke said. Signing of the Work and Holiday Maker MOU builds on the recent ratification of the Australia-Brazil Science, Research and Technology Agreement. Since 2018 there have been over 9,000 joint research publications between Brazil and Australia. Read the full press release HERE.
"Mr John Prowse takes up his new role in Brazil, bringing broad experience from government and the private sector. Prior to joining Austrade, Mr Prowse worked in government relations in the energy sector, including time in Canberra and as country manager in Timor-Leste. He has considerable experience in negotiation between governments and the resources sector." Read the full release HERE
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