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

Start your day with The Independent, sign up for daily news emails
Arts and Entertainment
The Doctor and Clara have their first real heart to heart since he regenerated in 'Deep Breath'
TV
Arts and Entertainment
Jeremy Clarkson, left, and Richard Hammond upset the locals in South America
tvSpoiler alert: It has been talked about for months
Arts and Entertainment
James Hewitt has firmly denied being Harry’s father
arts + ents
Arts and Entertainment
Jamie Oliver
filmTV chef Jamie Oliver turned down role in The Hobbit
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
News
news
News
Sir James Dyson: 'Students must be inspired to take up the challenge of engineering'
i100
Arts and Entertainment
Man of action: Christian Bale stars in Exodus: Gods and Kings
film
Life and Style
Apple showed no sign of losing its talent for product launches with the new, slightly larger iPhone 6 making headlines
techSecurity breaches and overhyped start-ups dominated a year in which very little changed (save the size of your phone)
Arts and Entertainment
Catherine (Sarah Lancashire) in Happy Valley ((C) Red Productions/Ben Blackall)
TV
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

Recruitment Genius: Area Manager - West Midlands - OTE £35,000

£27000 - £30000 per annum: Recruitment Genius: An Area Manager is required to ...

Recruitment Genius: Area Manager - Yorkshire & Humber - OTE £35,000

£27000 - £30000 per annum: Recruitment Genius: An Area Manager is required to ...

Recruitment Genius: Embedded Linux Engineer - C / C++

£35000 - £45000 per annum: Recruitment Genius: A well funded smart home compan...

Recruitment Genius: Senior Software Engineer - Python / Node / C / Go

£35000 - £45000 per annum: Recruitment Genius: *Flexible working in a relaxed ...

Day In a Page

A timely reminder of the bloody anniversary we all forgot

A timely reminder of the bloody anniversary we all forgot

Who remembers that this week we enter the 150th anniversary year of the end of the American Civil War, asks Robert Fisk
Homeless Veterans appeal: Former soldiers pay their respects to a friend who also served

Homeless Veterans appeal

Former soldiers pay their respects to a friend who also served
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing

Scarred by the bell

The downfall of the TV star charged with bar stabbing
Why 2014 was a year of technological let-downs

Why 2014 was a year of technological let-downs

Security breaches and overhyped start-ups dominated a year in which very little changed (save the size of your phone)
Cuba's golf revolution: But will the revolutionary nation take 'bourgeois' game to its heart?

Will revolutionary Cuba take 'bourgeois' golf to its heart?

Fidel Castro ridiculed the game – but now investment in leisure resort projects is welcome
The Locked Room Mysteries: As a new collection of the genre’s best is published, its editor Otto Penzler explains the rules of engagement

The Locked Room Mysteries

As a new collection of the genre’s best is published, its editor explains the rules of engagement
Amy Adams on playing painter Margaret Keane in Tim Burton's Big Eyes

How I made myself Keane

Amy Adams hadn’t wanted to take the role of artist Margaret Keane, because she’d had enough of playing victims. But then she had a daughter, and saw the painter in a new light
Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Parting view of Ofcom chief... we hate jokes on the disabled

Bad language once got TV viewers irate, inciting calls to broadcasting switchboards. But now there is a worse offender, says retiring head of the media watchdog, Ed Richards
A look back at fashion in 2014: Wear in review

Wear in review

A look back at fashion in 2014
Ian Herbert: My 10 hopes for sport in 2015. Might just one of them happen?

Ian Herbert: My 10 hopes for sport in 2015

Might just one of them happen?
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?