UK and Brazil strike millions worth of deals over two days

01/10/2012

The UK Prime Minister has been visiting Brazil this week and is keen to encourage British businesses to invest in the region.

David Cameron and delegates from 45 large British corporations were invited to a meeting with Brazilian President, Dilma Rousseff, who was keen to promote the opportunities Brazil offers to investors.

Speaking of the trade and investment deals that are already taking place between Brazil and Britain, Rousseff stated, "I think we can do a lot better.”

During the two day visit, some $161 million in deals were signed between UK businesses and Brazilian businesses, according to Cameron. He also added that a further $400 million in potential deals could be made. These deals are largely attributable to agreements with UK firms that have something to offer Brazil in the run up to hosting the FIFA World Cup in 2014 and the Olympics in 2016.

Petrobras president, Maria das Gracas Foster, meanwhile, also met with Cameron and explained: "We have an enormous potential in the oil and gas field, an enormous challenge, and we are open for business for the British industry in oil equipment and services."