Brasília - President Luiz Inácio da Silva encouraged foreign investors to invest more money in Brazil. In an address inaugurating the first expansion phase of the Moto Honda company in Manaus, Tuesday (14), Lula said that entrepreneurs shouldn't be afraid of the Brazilian market.

The president informed that tax exemption in the Duty Free Zone of Manaus will be extended until 2023, and he confirmed passage of the law exempting entrepreneurs of the region from payment of the taxes of the Social Integration Program (Pis) and the Social Security Financial Contribution (Confins).

The president recalled that, through November 30, 1.8 million jobs with signed working papers were created. "This country hasn't any right to have executives complaining all their lives. We have to stop viewing others with envy and realize that we have capability, creativeness, and competence to be as important as any other country in the world. Suffice us to believe in ourselves and do what we have to do in this country," he underscored.

Agência Brasil
Reporter: Lilian Macedo
Translator: David Silberstein
12/16/2004