Japan and Brazil agree to cooperate on infrastructure development
Brazilian President, Michel Temer and Japanese Prime Minister, Shinzo Abe, signed a Cooperation Agreement on Wednesday 19 October, agreeing to jointly explore Japanese infrastructure investment opportunities in Brazil.
Under the agreement, Brazilian and Japanese officials will cooperate on investment in areas such as transport, logistics, information technology and energy. At least once a year, the members of the group will meet to discuss and implement actions aimed at strengthening bilateral cooperation.
Brazilian side will be coordinated by the Department of Trade and Investment Promotion of the Ministry of Foreign Affairs and the Department of International Affairs of the Ministry Planning, Development and Management.
Japanese Prime Minister, Shinzo Abe, is positive about the new agreement between the two countries,
“Brazil represents a chance for Japan. In particular, there is a large investment opportunity in the area of infrastructure.
“I’m really glad we’ve managed to agree to launch talks on infrastructure development.”
According to Japan External Trade Organization, Japan has invested $23.59 billion into Brazil’s economy as at the end of 2015.
Brazilian President, Michel Temer, comments,
“By talking to Japanese executives, I’ve learned that they are very interested in the investment partnership plan Brazil is promoting, and that they are seriously looking into participating.”
Multi award-winning developer, Ritz-G5 is also thrilled at the prospect of infrastructure development. Group CFO, Paul Telfer, comments,
“We are very thrilled about the recent cooperation agreement between Japan and Brazil. The countries will cooperate on investment in various areas of infrastructure such as transport and logistics, thus further improving the infrastructure across the country.”
For more information, contact the Ritz-G5 team on +44 207 183 7565 or visit www.ritz-g5.com.