As part of his trip to Latin America, Minister of Economic Affairs Martin Kocher (ÖVP) signed a declaration of intent on Monday with his Brazilian counterpart on economic cooperation, especially in the areas of green technologies, industry, mobility and infrastructure. Austria is also trying to recruit Brazilian skilled workers.
Kocher will be accompanied on his business trip by WKÖ Vice President Wolfgang Hesoun, IV Deputy Secretary General Peter Koren, as well as representatives of the ABA, FFG and AWS agencies and a business delegation of twelve companies.
Opportunities for Austrian companies
Opportunities for Austrian companies lie mainly in the agriculture and forestry, food production, oil and gas, energy and healthcare sectors. The Brazilian economy has grown strongly in recent years: by 2.9 percent in 2023. Austria traditionally records a surplus in trade with Brazil: in 2022, exports worth 1.12 billion euros were compared to imports of 449 million euros . More than half of Austria’s exports to South America go to Brazil. About 150 Austrian companies have branches there. About 1,000 companies export from Austria to Brazil.
Brazil wants to invest more than 320 billion euros in the coming years, mainly in water supply, waste processing, energy generation, transport infrastructure and social housing – Austrian companies also want to request orders.
Source: Krone
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