Opportunities in Brazil for Spanish companies

Interview with José Gasset, Pdte. of the Brazil-Spain Chamber of Commerce

Current Brazil-Spain trade relationship and expectations of the EU-Mercosur free trade agreement.

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Through a new live connection Foreign Company, we pay attention again to Brazil, the largest economy in Latin America and one of the ten most important in the world.

 

And we do it hand in hand with José Gasset, president of the Brazil-Spain Chamber of Commerce, an entity of which 350 companies from both countries currently form part, representing the axis of the bilateral trade relations.

 

With him we discussed the current commercial relationship between both countries and what the expectations of the free trade agreement between the EU and Mercosur. Also about the importance of the iSpanish investment in Brazil, the steps that Spanish companies interested in settling in the country must take and the opportunities that open up from the announcements of the Bolsonaro Government. The role played by Brazil-Spain Chamber of Commerce will be another of the topics of this interview.

 

From his intervention we highlight the following:

 

"In terms of trade, our relationship is not as significant as it is in terms of investment; with a stock exceeding $50.000 billion over the last 20 years, we are the second largest investor country in Brazil, after U.S.«

 

Assessment of the free trade agreement EU-Mercosur"The assessment is very positive because it will create a large market of almost 800 million people and will represent around €4.000 billion in tariff savings for the EU alone."

 

"The brazilian government "It wants to promote a partnership and investment program that, for the next three years, has a portfolio of tenders worth $54.000 billion in highways, railways, ports, and airports."

 

Advice for SMEs wanting to enter the country: «Brazil It should not be covered as a whole, but rather it should be implemented at a regional level, choosing one of the States«

 

On the policies of the new Bolsonaro government: “The moment that Brazil is experiencing is a moment of optimism, with measures to open the Brazilian economy: labor reform, the economic freedom law, social security and pension reform, the request for formal entry into the OECDand the new tax reform»