Brazil: Business chiefs from 7 states to attend China investment fair

14 August 2008

Sao Paulo, 14 Aug – Entrepreneurs from seven Brazilian states will attend the CIFIT investment fair in Xiamen, China, from 8 to 11 September, one of the world’s biggest such events, the Brazilian Agency for Exports Promotion (APEX) has announced.

The Brazil pavilion at the fair, organized by APEX, will have representatives from the states of Amazonas, Distrito Federal, Sao Paulo, Rio de Janeiro, Minas Gerais and Mato Grosso.

APEX investment manager Gutemberg Uchoa said the aim of the participation is “to draw investment by means of transmission of information on opportunities in Brazil and the business environment in various states.”

APEX chairman Alessandro Teixiera, elected in April as chairman of the International Association of Investment Promotion Agencies (WAIPA), will address the event on the subject “Strengthening International Cooperation in Investment and Promoting Global Economic Development.”

CLIFT occupies a 60,000 square meter area in Xiamen in the Chinese province of Fujian. The 2007 event was visited by 15,000 people from over 100 countries who signed 1,070 contracts representing investment of US$ 12 billion. (macauhub)