Colombia, Brazil to Boost Trade

Bogota,  (Prensa Latina) President Juan Manuel Santos and former Brazilian President Luiz Inacio Lula da Silva will open a business forum on Thursday to boost trade between their nations.

The event, organized by the Inter-American Development Bank, will be attended by about 500 business leaders and political authorities from both countries who will tackle business opportunities in the bilateral context.

Participants at this first Colombia-Brazil investment forum include the IDB president Luis Alberto Moreno and the general secretary of the Union of South American Nations (UNASUR), Maria Emma Mejia.

According to the program there will be five conferences dealing with the state of trade in the sectors of infrastructure, transportation, telecommunications, mining and energy, financial services and agribusiness.

The debates will be attended by the Brazilian ministers of communication, Paulo Bernardo, and planning, Miriam Belchior; and the Colombian ministers of commerce, Sergio Diaz Granados, and mines and energy, Carlos Rodado, among others.

Analysts said it was an indispensable event for the two nations but especially for Colombia, which is trying to build closer ties to its partners, like Brazil, with which it shares borders and which is considered one of the most powerful economies.

According to experts, Brazil exports to Colombia about two billion USD in goods to Colombia annually, while Colombia exports to Brazil total about 350 million USD.

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