Ghana hosts Brazilian trade delegation

A 100-man trade delegation from Brazil is expected in the country on Monday for a two-day visit, an official statement from the Brazilian Embassy in Accra said on Friday.

     The visit organized by the Brazilian Embassy in Ghana will be led by the South American country’s Minister for Development, Industry and Foreign Trade, Mr Manuel Jorge in collaboration with the Brazilian Trade and Investment Promotion Agency.

     The statement said the team, which would include 80 entrepreneurs from different sectors of the Brazilian economy such as food and beverages, civil engineering, defence, energy and equipment, would explore areas of co-operation with their Ghanaian counterparts.

     According to the Brazilian Embassy in Accra, the initiative is a direct effort by the President of Brazil, Luiz Inacio Lula, to bring Brazil and Africa closer to foster increased cooperation between the two regions and to promote sustainable development of the two continents.
     It was also aimed at increasing reciprocal trade and promoting Brazilian direct investment in Ghana as well as explore possible areas of further cooperation between Brazilian and Ghanaian co-operative sectors, it said.

     The delegation is expected to provide an opportunity to the visiting group to showcase the potential of Brazilian entrepreneurs as a force to reckon with in an emerging Third World country.
     Officials say the venture was in consonance with the government’s determination to create an enabling environment for the private sector in Ghana and by so doing create employment for the youth.

     Brazil is the largest nation on the South American continent with a per capita of $9,700, a real growth of 5.4 per cent with inflation at 3.6 per cent.
     Major trading partners include the US, Argentina, China, The Netherlands and Nigeria.
     On the March 27, 2009, the Produce Buying Company (PBC), signed a Memorandum of Understanding with Erickson Ferrer da Rosa on behalf of Sysgate Brazil Ltd to set out the terms and conditions for the processing of good trade sheanut into sheabutter for export to Brazil.

     Officials say Ghana stands to benefit from the rapid technological development of Brazil in areas of infrastructure, agriculture and manufacturing.

GNA