My father-in-law went to a reception yesterday with Minister Ed Fast, Canada’s Minister of International Trade. Apparently there is a big trade mission from Canada going on right now here in Brazil.
Brazil is a growing market there is no question. It’s population is larger than all other South American countries combined and it plays the same role down here that the USA plays everywhere else (e.g. bully).
I was asked if Brazil holds opportunity for New Brunswick. It’s hard to say. This is a tough market to make inroads but there are many Canadian firms that have done well down here.
I am interested in the FDI angle as well. Brazil is increasing its external investment (think Vale Inco). It might be interesting to see if there are opportunities for Brazilian firms to set up new mining, manufacturing or other types of operations in New Brunswick.