Diplomat announces that Spanish micro-firms intend to invest in Brazil

25/01/2005 - 11h56

Elisângela Cordeiro
Reporter - Agência Brasil

São Paulo - The economic and trade attaché of the Spanish Embassy, Francisco Rorrales Kindelan, announced today that he expects micro-firms from his country to bring new investments to Brazil. According to Kindelan, the sectors that arouse greatest interest are machinery and tools.

This statement was made after a meeting between the Spanish Prime Minister, José Luis Rodriguez Zapatero, and entrepreneurs in São Paulo, prior to Zapatero's departure for Buenos Aires, Argentina, and Santiago, Chile.

According to Kindelan, to increase their business activities in Brazil, the Spanish entrepreneurs are only awaiting the country's definition of regulatory rules and fiscal and labor laws.

Translation: David Silberstein