Germany is agog to addition its already abundant advance in Brazil advanced of the 2014 World Cup and the 2016 Rio summer Olympics, the new admiral of the Brazil-Germany Alcove of Commerce said.
”There are abounding (German) companies, decidedly baby and medium-sized ones — who see affairs for business in Brazil” admitting the country’s aged bread-and-butter advance (0.9% aftermost year), said Thomas Schmall, who has aloof been adopted alcove admiral for a two-year term.
Everybody (in the German business community) believes that in the continued term, Brazil will abide to abound and will become a above power,” Schmall, the arch of Volkswagen’s Brazil unit, told a columnist conference.
In May some 1.500 political and business leaders from both countries will accommodated in Brazil to altercate advance opportunities, Schmall said.
Some 1.400 German companies accomplish in Brazil, including 900 headquartered in the greater Sao Paulo area, Brazil’s bread-and-butter and banking engine. They apply 250.000 people.
German advance in the country totals 30 billion dollars, authoritative Brazil Germany’s capital accomplice in Latin America, both in agreement of barter and investment.
Over the accomplished decade, Brazilian exports to Germany about tripled, although they fell 18.9% to 7.3 billion in 2012, from 9 billion the antecedent year due to the all-around bread-and-butter downturn.
German imports soared from 4.4 billion in 2002 to 14.2 billion in 2012.
Leading German companies operating in Brazil accommodate automaker Volkswagen, with sales of 15.7 billion, Mercedes Benz with 8 billion, engineering and accomplishment close MAN with 4.3 billion and actinic behemothic BASF with 3 billion.
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