Русская версия"German company investment in Brazil is already at a record level,"
said Juergen Thumann, the president of Germany's Federation of
Industry (BDI), as the conference began on Monday, Aug.
25.
"An investment program of about 200 billion euros ($296 million), a
stable economy and a steady hand on the nation's finances, along
with recent positive reports from rating agencies would help German
investment in Brazil to increase," said Thumann on opening the
conference, held in the western German city of Cologne.
Thumann told the 500 Brazilian and German business leaders
attending the conference that Brazil in particular needed
investment in its transport and energy infrastructure.
German exports strong
Strong demand from leading emerging economies like Brazil has
helped to buoy Germany's export machine in the face of slowing
global economic growth and turn the nation into the world's biggest
exporter.
The trade volume between the two nations has more than doubled over
the last decade with German exports to Brazil racing ahead by 33
percent last year.
German companies' activities in Brazil at present represent more
than 8 percent of the Latin American country's gross domestic
product.
The result is that Brazil is Germany's most important trading and
investment partner in Latin America.
Prepping for World Cup
Thumann also stressed the key role that German companies could play
in helping Brazil prepare for the world football championships
which it is to host in 2014. Germany successfully mounted the world
football championships in 2006.
"Because of Germany's experience with the 2006 World Cup, German
industry can and will make a major contribution (to the
championships in Brazil)," said the BDI chief.
(Deutsche Welle)
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