Brazil govt. promotes business, infra concessions in Japan

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Tuesday, October 18, 2016

A Brazilian delegation led by President Michel Temer is currently in Japan to promote foreign investment in Brazil such as the country's upcoming infrastructure concessions.

The group scheduled meetings with Japanese entrepreneurs, investors and government officials for October 18-19, according to a federal government release.

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The goal of the delegation is to strengthen Brazil's image and boost foreign confidence in the country's plans by showing the changes made in regulations, financing and transparency, according to investment secretary Moreira Franco.

'We are making an effort to increase investments in Brazil so that the country can start growing again," Franco said in the release.

This calls for limiting government spending and ensuring legal security within the country to gain confidence from both Brazilian citizens and international investors, he added, pointing out that the Japanese have been investing in Brazil for over 50 years and there are many more opportunities to be explored.

Moreira Franco (CREDIT: Brazil's federal government).

THE CONCESSIONS

Concessions are planned for airports, highways, railways, port terminals, oil fields, electric energy and waterworks under the national infrastructure program, Crescer.

The first tenders, which should be launched by 1Q17, include four airports, two port terminals and oil and energy projects. By the end of next year, tenders for highways, railways, waterworks and other oil and energy projects are expected to take place.