Brazil and Japan sign agreement for infrastructure investments

The cooperation agreement was signed on Wednesday, Tokyo.
19/10/2016 10h58 - Updated 19/10/2016 10h58
Photo: reproduction

Brazilian President Michel Temer and Japanese Prime Minister, Shinzo Abe, signed today (19), Tokyo, a Cooperation Agreement for the Investment Promotion in Infrastructure. The agreement provides for the creation of a working group to discuss the partnership between the two countries and includes the transportation and logistics sectors, information technology and communications and energy. The visit of Temer to Japan also included a meeting with businessmen and investors.

The idea is that, at least once per year, the members of this working group will meet to discuss and implement actions aimed at strengthening bilateral cooperation. On the Brazilian side, the group will be coordinated by the Department of Trade and Investment Promotion of the Ministry of Foreign Relations and International Affairs Department of the Ministry of Planning, Development and Management.

"We are here to unveil a new Brazil. We use the expression to restart [express] the situation we found to take over the government ", Temer said during the meeting with businessmen, stressing that "Brazil is great. Not only a large consumer market, but also a major center of production and opportunities ".

he stressed, However, not just to Brazil “be big” to attract investment. "You have to be great with institutional stability and legal certainty. And that's exactly what we live a couple of months here. We had a short period a bit hectic, but [which were] met all constitutional norms and without any instability of institutional. After this time, It is revealed the importance of macroeconomic responsibility of context. The first step is to balance the public accounts ", said.

The Brazilian monetary policy was also highlighted by the meeting Temer. "We have an unwavering commitment to price stability. By the way, Pre announcement of inflation for next year [already] It is much lower than inflation this year. We are on the right way, because we had in September the lowest inflation for the month since 1988. Inflation was 0,08%. We are ensuring an environment that is a precondition for prosperity of the country ".

Temer told the Japanese prime minister who intends to withdraw from the Brazilian government and pass on to the market responsibility for fixing rates for the opening of investments. Shinzo Abe, in turn, He said that market opening policies reinforce the interest of Japanese companies to invest in Brazil.

"Brazil is a country of 200 million people and represents huge market. economic opening policies can make this market even more attractive. For Japanese companies, Brazil represents opportunity mainly in infrastructure ", said Prime Minister.

According to Plateau, Fearing the plane took off from Japan at around 11:30 am today (Brasilia time). The forecast is that it comes in the early afternoon tomorrow (20) in Brasilia.

Source: Agency Brazil

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