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Diplomacy in Action

Direct Line: Economic Growth and Investment Opportunities in Northeast Brazil: The Pernambuco Experience

Bureau of Economic and Business Affairs
March 27, 2013


Topic: Economic Growth and Investment Opportunities in Northeast Brazil: The Pernambuco Experience

Host: Principal Officer Usha Pitts

Special Guest: Frederico Amancio, Pernambuco Secretary for Planning and Management

Date, time, time zone for call: Wednesday, March 27, 2013; 11:00 a.m. EDT (12:00 p.m. local time)

Deadline for RSVPs: Monday, March 25, 2013

Date when call-in number will be provided to participants: Tuesday, March 26, 2013

Brief description of call: Even in a country growing as fast as Brazil, the Northeastern state of Pernambuco and its capital Recife have generated the highest growth rates in the country over the last decade. Investment highlights include the Suape Port and Industrial Complex, featuring one of the most efficient ports in Brazil and shipbuilding and petrochemical production; a new Fiat factory under construction will produce 250,000 cars per year when complete; and the development of a major agricultural region producing mangos, grapes and wine for export. An information and communication technology hub housing hundreds of companies dominates the historic center of Recife, a host city for the 2014 Soccer World Cup. Infrastructure projects to support the recent growth abound. The State Secretary for Planning and Management, Federico Amancio, will open the webinar by providing an overview of the State’s economic growth and investment potential, focusing on the aforementioned areas as well as alternative energy, consumer goods, and heavy industry. Secretary Amancio and Principal Officer Usha Pitts will take questions in advance and during the Q&A portion of the call.

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