From the Newsroom*
São Paulo – Brazil has approved, in the last six months, projects to permit Brazilian exports of goods and services for the value of US$ 1.6 billion. The data was provided by the Committee for Financing and Guarantee of Exports (Cofig), which is coordinated by the Ministry of Development, Industry and Foreign Trade. According to the Cofig, new projects being negotiated already total US$ 370 million.
The projects, in the areas of transports, energy and telecommunications, will be developed in various countries, among them Argentina, Bolivia, Ecuador, Peru, the Dominican Republic, Uruguay and Venezuela. These are exports of Brazilian products and services, as is the case with engineering works, paid in the Brazilian currency, reais, and financed to the importers in dollars.
According to the ministry representative at the Cofig, Maria da Glória Rodrigues, these projects involve hundreds of suppliers of products ranging from machinery and electric generators to worker uniforms and food for the campsites where labourers are based. "Each Brazilian company that wins a foreign tender takes with it hundreds of others, many small and medium," stated Maria da Glória. "You give a great number of companies that could not export on their own a chance to export," he added.
Among the works already approved by the Cofig are the San José hydroelectric dam, in Uruguay, the Brazil-Bolivia corridor and the Inter-oceanic Highway Corridor, that is going to connect the northern Brazilian state of Acre to three sea ports, opening an opportunity to transport Brazilian products through the Pacific Ocean.
*Translated by Mark Ament
