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Nick Clegg Speech: New era for UK-Brazil relations

June 22, 2011 10:27 AM
Originally published by UK Liberal Democrats

In a keynote speech in Brasilia he announced that more than £2.5bn in bilateral business has been agreed between British and Brazilian companies this year.

The Deputy PM also announced new deals including a £130m contract for BT to provide data transmission services to Correios, the Brazilian post office, and the UK Government underwriting a £185m credit line to the Brazilian steel company Gerdau that will lead to more than £270m in exports to Brazil from 79 companies across Britain.

Leading a delegation of Cabinet Ministers and UK business leaders in talks with their counterparts in Brazil, Mr Clegg sought to promote the best of British in Brazil and attract inward investment from major Brazilian firms. The £2.5bn of business highlighted today represents a significant boost to the British economy, creating jobs and growth through both exports and inward investment.

The visit this week marks the next vital phase in the UK's re-engagement with Latin America, which was kicked off by theDeputy Prime Minister in Mexico earlier this year. In order to achieve sustainable growth and a balanced economy, the UK is determined to make the most of the opportunities offered in the region, and Brazil offers trade in both directions across a range of sectors.

Nick Clegg said:

"Trade equals jobs, and that is what the people of the UK want, and the people of Brazil too.

"But, equally, we should never underestimate the cohesive power of trade. It brings people together, fostering new understandings. Not between governments, or diplomats, but people; businesses; their staff; and their communities too.

"Trade ensures nations have a stake in each other's success, in working together peacefully, constructively and towards the same goals. It's how we make a real difference for our citizens.

"That's why I'm delighted that, over these two days, we are sealing business links worth over £2.5bn that will be a significant boost to the UK economy."

Lord Green added:

"I am delighted by the success already secured by British business on this visit. It demonstrates that the UK has a lot to offer Brazil across a range of sectors including, security, sports and oil and gas. These new deals mean more UK jobs and a boost to the profits of dynamic and innovative small and medium-sized businesses across the country"

The Rio Olympics in 2016 and the World Cup in Brazil in 2014 both represent significant opportunities for British firms. The Deputy Prime Minister today opened an Olympic conference, bringing UK expertise in venue delivery, sustainability and accessibility to the fore at a crucial point in 2016 preparations and reinforced the fact that UK companies have the expertise Brazil needs to deliver a successful Games.

As well as trade and investment, the Deputy Prime Minister also announced significant co-operation between Brazil and the UK on science and higher education. Two major scientific firms, Masters Pharamceutical and Trimega Laboratories, are moving into the Brazilian market. Masters is opening a £9.25m facility to distribute pharmaceuticals and medical supplies, while Trimega has signed a contract to test hair samples for the Brazilian police at its labs in Manchester.

In addition, the Deputy Prime Minister announced schemes by UK Research Councils to boost joint research in the areas of food security, bioenergy and industrial biotechnology, boosting already strong research links. The UK is second only to the US as Brazil's preferred research partner.

Read the full article here