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Enhance industrial cooperation with Brazil – win-win for businesses on both sides

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European Commission Vice-President Antonio Tajani will travel to Brasilia today 10 October to hold discussions exploring opportunities for industrial cooperation between the EU and Brazil.

Brazil is a key market for European business. Brazil is the EU's largest trading partner in Latin America: in 2011 Brazil's trade with the EU accounted for 37% of the EU's total trade with the region, and 43% of all EU's investments in Latin America went to Brazil. But the wealth of opportunities in this vibrant and growing economy are hindered by a series of challenges to both EU and Brazilian companies. European Commission Vice-President Antonio Tajani will therefore travel to Brasilia today 10 October to hold discussions exploring opportunities for industrial cooperation between the EU and Brazil. The EU seeks to further enhance business opportunities with Brazil during a meeting of a dedicated EU-Brazil working group, established as a pragmatic way of looking at how to further underpin the important economic bonds between Brazil and the EU. The Group, chaired by Vice-President Antonio Tajani, responsible for Industry and Entrepreneurship, works in close liaison with the European Commissioner for Trade, Karel De Gucht, and the Commissioner for Research and Innovation, Máire Geoghegan-Quinn.

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