17/10/2016 10h01 - Updated 17/10/2016 10h01

Brazil and India seek legal certainty for investments in both countries

The purpose is to create business investment for facilities, the search for access to the two markets.
Photo: reproduction
Photo: reproduction

The Brazilian and Indian governments intend to create facilities for business investments in both countries, the search for access to the two markets. It was with this in mind that President Michel Temer and Indian Prime Minister, Narendra Modi, They met today (17) em Goa, in India. According to Plateau, the meeting enabled progress in the negotiations of the Cooperation Agreement and Investment Facilitation, especially with regard to the expansion of legal certainty for investors.

The expectation is that, through this agreement, Brazilian companies are able to greater integration in the Indian market and vice versa. After meeting with businessmen and with the Indian Prime Minister, Temer said he identified "great interest" the Brazilian business to invest resources in that country. He used the meeting to talk about the progress in infrastructure projects in Brazil and try to encourage Indian businessmen to do the same. In this sense, Temer said the Grow, program launched 34 Initial projects in ports, airports, highways, railways, energy, oil and gas.

"We all know that India has become in recent years and is now a major global economies, grows at high rates and has much complementarity with Brazil ", Temer said commenting that Brazil began a process of transformation aimed at the resumption of economic growth.

Temer took the visit to retake the strategic partnership between the two BRICS member countries - formed block by Brazil, Russia, India, China and South Africa. "This visit relaunched our strategic partnership, that will turn to a more competitive insertion in global markets and the development of our societies. We hope that our meeting increasingly spice up our relationship. "

At this point the president is bound for Japan, where it will meet with entrepreneurs and with Prime Minister Shinzo Abe. This will be the first visit of a Brazilian head of state to the country 11 years.

Source: Agency Brazil

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