Cameron celebrates £100m trade deals with Brazil

 

Rio de Janeiro

Prime Minister David Cameron today celebrated UK companies winning trade deals worth more than £100 million with Brazil, as he led a delegation of more than 50 British businesses to the South American country.

Among the deals is a contract for London-based Bluecube to provide seating for the Fortaleza stadium for the upcoming World Cup in Brazil.

Mr Cameron was offered a coveted invitation to the opening game of the 2014 tournament by the Governor of Sao Paulo, as he opened a £60 million JCB factory near the city.

The 350,000 square foot assembly plant for excavators and diggers is expected to generate £100 million a year in orders for the company's components plants in Staffordshire, Derbyshire and Wales.

In an interview with Sao Paulo newspaper Folha, Mr Cameron admitted that Britain had been “under-performing” in its trade relationship with Brazil, now the world's sixth biggest economy.

The UK accounts for 1.5 per cent of imports to Brazil, compared to 6.4 per cent from Germany.

The 58-strong business delegation was the largest to accompany the PM on his series of trade missions to the emerging economic giants of the 21st century.

Since his election in 2010, Mr Cameron has made boosting exports a key foreign policy priority.

Brazil is the last of the four BRIC economies he has visited, after Russia, India and China, and he has now been to all of the G20 countries with the exception of Argentina.

Among the PM's party were representatives of the energy, finance, utility and higher education sectors as well as defence companies, including BAE Systems, as the UK continues to seek arms deals with Brazil despite its support for Argentina over the Falklands.

Making his visit to the JCB plant in Sorocaba, near Sao Paulo, Mr Cameron said: “This visit is about British jobs, British growth and the British economy, because I want Britain to be tied up to the fastest-growing economies on the planet.

”Brazil is now a top six economy and this visit is about safeguarding and creating 3,000 jobs back at home.“

JCB recently won a Brazilian government tender for £60 million for 1,000 backhoe loaders for road construction and hopes to secure some of the upcoming £20 billion infrastructure projects in Brazil.

Deals announced today included a £6 million BP research project in collaboration with Aberdeen, Cambridge and Oxford universities to examine potential oil and gas sources in the Parnaiba Basin in north-east Brazil.

GE Energy announced a £75 million deal to supply electricity and rig equipment, safeguarding up to 1,500 jobs in the UK, including at its Rugby plant.

EM&I and Odebrecht Oil and Gas announced a partnership to deliver contracts worth over £20 million, creating jobs in the UK and Brazil.

Design and engineering firm Arup confirmed it expected its projects in Brazil to increase from 38 to 300 over the next three years.

Wales-based General Dynamics UK is opening a new subsidiary to deliver capability to the Brazilian defence and security sectors.

And Natures Purest, of Leicestershire, is set to open its third baby product store in Rio de Janeiro as part of a 10-store plan expected to generate an extra £1.2 million in turnover.

Useful Simple Brazil will open an office in Rio expected to create annual revenue of £1.5 million and create 15 jobs in London.

Mr Cameron announced a new £13 million fund to help 10,000 of the UK's smaller businesses boost exports.

And he said that the Government would host an Export Week from November 12 to 16, offering advice and expertise for companies hoping to sell their products overseas.

Speaking to Folha de Sao Paulo newspaper, Mr Cameron acknowledged that Britain's recovery from recession was proving "slow and difficult", and that boosting trade to growing markets such as Brazil was part of the solution.

"Britain has been dealing with some very deep-rooted problems at home and a very serious debt crisis abroad, and that is why getting our economy growing is proving to be a slow and difficult process," said the Prime Minister.

"I'm confident that, as the governor of the Bank of England has said, the fall in unemployment figures shows that the economy is slowly healing, with many of the conditions for recovery in place."

Mr Cameron said he will urge President Dilma Rousseff to support free trade in their talks tomorrow and resist calls for protectionist policies.

"I'm a firm believer that boosting trade is essential to getting the motors of the world economy moving again," said Mr Cameron.

"We shouldn't prolong the current economic downturn by retreating at home and putting up protectionist barriers. Instead, we need to break down these barriers to stimulate jobs, growth and prosperity across the world.

"Long-term investment decisions are extremely complex. Companies need clarity, confidence and certainty that their investment decisions are soundly based.

"Trying to insulate and protect industry from competition may bring short-term benefits to domestic industry, but has long-term costs and prevent the development of a truly competitive, innovative industrial base. That will be my message to President Dilma."

The eurozone crisis gives Britain a chance to reshape its membership of the EU in favour of free trade, said Mr Cameron.

"Europe is changing rapidly and fundamentally," he told Folha.

"And as Europe changes to meet the challenges of the eurozone crisis, those countries that share the euro will have to do more to integrate, and that will give others, like Britain, opportunities to pursue their own agendas.

"We should use that opportunity to reshape Britain's membership of the EU in ways that advance our national interest in free trade, open markets and co-operation. I think that means less Europe not more Europe, less cost, less bureaucracy and less regulation."

PA

News
In 2006, Pluto was reclassified as a 'dwarf planet'
scienceBut will it be reinstated?
Voices
voicesI like surprises - that's why I'm bringing them back to politics, writes Nigel Farage
News
Destructive discourse: Jewish boys look at anti-Semitic graffiti sprayed on to the walls of the synagogue in March 2006, near Tel Aviv
news

As anti-Semitic attacks rise, Grant Feller re-evaluates his identity

Arts and Entertainment
Adam Levine plays a butcher who obsessively stalks a woman in Maroon 5's 'Animals' music video
music'Animals' video 'promotes sexual violence against women'
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksAn unforgettable anthology of contemporary reportage
News
people Biographer says cinema’s enduring sex symbol led a secret troubled life
News
newsGlobal index has ranked the quality of life for OAPs - but the UK didn't even make it into the top 10
News
people

Kirstie Allsopp has waded into the female fertility debate again

News
The moon observed in visible light, topography and the GRAIL gravity gradients
science

...and it wasn't caused by an asteroid crash, as first thought

News
people
Life and Style
food and drink

Savoury patisserie is a thing now

News
Researchers say a diet of fatty foods could impede smell abilities
scienceMeasuring the sense may predict a person's lifespan
Sport
footballArsenal 4 Galatasaray 1: Wenger celebrates 18th anniversary in style
News
Gillian Anderson was paid less than her male co-star David Duchovny for three years while she was in the The X-Files until she protested and was given the same salary
people

Gillian Anderson lays into gender disparity in Hollywood

News
peopleStella McCartney apologises over controversial Instagram picture
Life and Style
Laid bare: the Good2Go app ensures people have a chance to make their intentions clear about having sex
techCould Good2Go end disputes about sexual consent - without being a passion-killer?
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Head of IT Change – West Sussex – Up to £60k DOE – Permanent

£55000 - £60000 Per Annum plus excellent benefits: Clearwater People Solutions...

IT Services Team Leader

£35000 - £40000 Per Annum: Clearwater People Solutions Ltd: Our client, a prog...

KS2 Teacher

£90 - £120 per day + tax deductable expenses: Randstad Education Leicester: Ke...

Foundation Teacher

£90 - £120 per day: Randstad Education Leicester: Our client is seeking to app...

Day In a Page

Italian couples fake UK divorce scam on an ‘industrial scale’

Welcome to Maidenhead, the divorce capital of... Italy

A look at the the legal tourists who exploited our liberal dissolution rules
Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

The vintage series has often been criticised for racial stereotyping
An app for the amorous: Could Good2Go end disputes about sexual consent - without being a passion-killer?

An app for the amorous

Could Good2Go end disputes about sexual consent - without being a passion-killer?
Llansanffraid is now Llansantffraid. Welsh town changes its name, but can you spot the difference?

Llansanffraid is now Llansantffraid

Welsh town changes its name, but can you spot the difference?
Charlotte Riley: At the peak of her powers

Charlotte Riley: At the peak of her powers

After a few early missteps with Chekhov, her acting career has taken her to Hollywood. Next up is a role in the BBC’s gangster drama ‘Peaky Blinders’
She's having a laugh: Britain's female comedians have never had it so good

She's having a laugh

Britain's female comedians have never had it so good, says stand-up Natalie Haynes
Sistine Chapel to ‘sing’ with new LED lights designed to bring Michelangelo’s masterpiece out of the shadows

Let there be light

Sistine Chapel to ‘sing’ with new LEDs designed to bring Michelangelo’s masterpiece out of the shadows
Great British Bake Off, semi-final, review: Richard remains the baker to beat

Tensions rise in Bake Off's pastry week

Richard remains the baker to beat as Chetna begins to flake
Paris Fashion Week, spring/summer 2015: Time travel fashion at Louis Vuitton in Paris

A look to the future

It's time travel fashion at Louis Vuitton in Paris
The 10 best bedspreads

The 10 best bedspreads

Before you up the tog count on your duvet, add an extra layer and a room-changing piece to your bed this autumn
Arsenal vs Galatasaray: Five things we learnt from the Emirates

Arsenal vs Galatasaray

Five things we learnt from the Gunners' Champions League victory at the Emirates
Stuart Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

This deal gives England a head-start to prepare for 2019 World Cup, says Chris Hewett
Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?