Ipea discusses business opportunity between Brazil and Africa

Institute of Applied Economic Research (IPEA) will be present at the Brazil Africa Forum 2019 promoting a discussion about the business potential between Brazil and the African countries. In a side event called “Challenges for enhance the cooperation between Brazil and African countries”, the institute will promote a debate with authorities and representatives of the economic sector.

Promising scenario

With the approval of the African Continental Free Trade Area, the region has great economic potential, generating a combined GDP of over $ 3 trillion and benefiting over 1 billion people. Data from the World Economic Forum also show that nearly half of the 40 fastest-growing developing countries are in Africa. In this way, the continent becomes an extremely attractive global business environment.

Ivan Oliveira, Foto: IPEA

The session will be moderated by Ivan Oliveira. He is Director of International Studies at IPEA. The dialogue will be attended by the Director of the Africa Department of Itamaraty, Rodrigo d´Araujo Gabsch, the Deputy Director of the Brazilian Cooperation Agency (ABC), Ambassador Demétrio Bueno Carvalho; BNDES Industry, Services and Foreign Trade Superintendent, Henrique de Azevedo Avila and Fernanda Peixoto, Lieutenant Colonel of the Superior School of War (ESG/MD).

Study in progress

Brazil Africa Institute (IBRAF) is currently developing – in partnership with IPEA and the Economic Commission for Latin America and the Caribbean (ECLAC) – a study to map the potential market for goods and services consumption between the Northeast of Brazil and the Lusophone Africa to strengthen foreign trade balance.

Read More: Study will show economic potentials between the Brazilian Northeast and Lusophone Africa

The Brazil Africa Forum 2019 will take place on November 12 in São Paulo. More information on the website: https://forumbrazilafrica.com/