New York (USA), June 23, 2004 (Agência Brasil) - At the opening of the conference "Brazil & Partners - Investment Opportunities," President Luiz Inacio Lula da Silva asked foreign investors to trust more and invest more in the country. Brazil, he explained, wants to maintain a frank relationship with investors and give constant proof that it is a good place in which to invest. "The rules in Brazil are clear. There are no surprises there. We just want the game to be open, frank, and productive for Brazil to make extraordinary progress," he pointed out.

Lula argued that the move to welcome new foreign investors is aimed at ensuring effective development 30 years from now. "In no way do we want to pursue electoral politics. We want to grow less, but in a sustainable manner," he added.

In his speech to around 600 businessmen, the President promised that those who are interested will encounter facilities when they invest in Brazil.

Accompanied by some of his Ministers, Lula had breakfast with 26 American entrepreneurs interested in expanding their investments in Brazil. During the "Brazil & Partners - Investment Opportunities" conference, each Minister will discuss the progress Brazil has made in his or her area.

Reporters: Ana Paula Marra and Nelson Motta
Translator: David Silberstein