By Marcus Leach
Deputy Prime Minister Nick Clegg today announced the UK’s commitment to doubling exports to Brazil to £4 billion by 2015.
The Deputy Prime Minister revealed the trade goal on the first day of a two-day trade visit to Brazil.
The high level Ministerial delegation includes the Trade and Investment Minister Lord Green, the Culture Secretary Jeremy Hunt, Foreign Office Minister, Jeremy Browne, and Universities and Science Minister David Willetts.
A delegation of 20 leading British Businesses, including companies from the low carbon, science and innovation, and financial services sectors are also participating in the visit.
“The UK Government is committed to further strengthening our trade and investment links with Brazil. As the London 2012 Olympic Games approaches, our trade ties will only grow closer as Brazil begins to focus on hosting the World Cup in 2014 and the Olympics in 2016," Nick Clegg said.
“The UK is on of the easiest places in the world to invest and do business and we are committed to making it ever better. As Brazil’s is set to be the fifth largest economy in the world by 2016, UK companies, with the help of UK Trade & Investment, should seize on every opportunity to prosper in Brazil.”
In September 2010, Business Secretary Vince Cable led a business delegation to Brazil. In the last year, UK trade with the Latin American region has increased by 30 per cent - at the same time British exports to Brazil increased by 29 per cent.
“Brazil is a natural partner for the UK on global issues such as climate change and security; this is why we are committed to doubling exports with Brazil by 2015. UK Trade & Investment are committed to helping British Companies invest in the Brazilian economy. In the last three years, for example, the number of British companies approaching UK Trade & Investment for help in the Brazilian market has increased by 500 per cent," Lord Green said.
“This is a healthy sign that British business will flourish in Brazil over the coming years, and as Trade and Investment Minister I will do all I can to help UK companies win in this exciting market.”
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