Bilateral trade between Brazil and Australia will triple in the next 4 years, so says Carlos de Abreu, Ambassador Consul General of Brazil. To ensure this happens, it was announced today the Australia Brazil Business Council (AUBRBC) will be inaugurated, marking 70 years of successful trading between the allied nations. With a combined GDP of almost $4 trillion and a mere $1.7 billion being traded between the two countries in 2014, there is much room for growth according to the Consul General.

“There is so much untapped potential between our two countries, I am confident growth, competitiveness, and job creation will result,” said Carlos de Abreu, Ambassador Consul General of Brazil. “Last year alone there was $15 billion worth of investment between Australia and Brazil and this is picking up fast for 2015 with an expected $20 billion, so with the AUBRBC’s guidance, the future is looking very bright.”

The AUBRBC is made up of prominent Brazilian/Australians who embody an entrepreneurial mindset within Australia’s private business sector. Julio De Laffitte, the President of the ABBC and Founder of the entrepreneurial group, Unstoppables, states; “The Australia Brazil Business Council will bring together executives and companies with a strong interest in strengthening one of the major pillars of the partnership—mutual direct investment. I will be joined by other leading members of Australia’s Brazilian business community, including Marcelo Bussacarini, President of BRACCA (Brazilian Community Council of Australia), Rodrigo de Luca, President of Australia Brazil Chamber of Commerce, Gleuto Serafim, Tecala’s CEO, and Carlos Ferri, Zapala Group MD.”

Both Australia and Brazil share many similarities; both offer vibrant democracies with multicultural societies,and both have strong private sectors with open gateways to trade and investment. It’s the differences between the two economies that present the most exciting opportunities however, opening the way for increased cooperation and partnerships in business.

“Australia is a highly specialized economy whereas Brazil’s economy is highly diversified. These differences allow many economic opportunities to arise,” said Julio De Laffitte.

According to Carlos de Abreu, the number of Brazilian companies trading in Australia is set to increase rapidly. “Brazilian companies already with investments in Australia include JBS, Marcopolo, Tramontina, and WEG.” “More companies from Brazil will soon follow, in sectors such as information technology, finance, and other notable companies trading with Australia include Alpargatas (Havaianas sandals manufacturer), Embraer (third largest manufacturer of civil aircraft in the world).

In September, the Consulate General of Brazil in Sydney and the Australian Brazil Business Council we will host an array of events in Sydney to celebrate the 70th anniversary of diplomatic relations between Brazil and Australia, including a business event titled ‘Brazil in the City’ on 9 September 2015 at the Shangri-La Hotel in Sydney. This event will host over 30 major Brazillian and Australian multi-nationals, many of them Fortune 500 companies. Business roundtables will be organized for the participants.

Continuing the bilateral trade relations, a group of 150 Australian entrepreneurs from Unstoppables group will head to Brazil in February 2016 for a business forum like no other. Held in the deepest depths of the Amazon, the intrepid group will be inspired and challenged by one of earth’s most remote environments.

And then taking into account the timing of the 2016 Rio Olympics Games, an envoy of 100 Australian CEOs will visit Sao Paulo and Rio de Janeiro for a trade mission to further cement the two nation’s bilateral trade relations.

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