PennWell Advocates Wealth of Opportunities for Entering Brazil's Marketplace
LONDON, July 1, 2013 /PRNewswire/ --
PennWell and PennWell do Brasil are soon to join forces with the International Trade Administration, U.S. Department of Commerce to highlight Brazil as a land of opportunities for foreign investment in a live webcast How to Break Into the Brazilian Market to premier on Thursday 11 July, 11:00 AM EDT / 10:00 AM CDT / 8:00 AM PDT / 3:00 PM GMT.
This webcast is specifically designed for Service and Product Suppliers wanting to sell into Brazil as well as U.S and international companies in the power market (either generation, transmission, and/or distribution) looking to establish a presence in Brazil and also Business Development experts in power-related companies in the U.S. and international arena wanting to learn more about the business climate in Latin America.
The webcast will provide great insights and understanding about how to effectively set up a presence in Brazil from an on-the-ground expert from the U.S. Department of Commerce's International Trade Administration office in Sao Paulo, Brazil.
Presenters include Igly Serafim, Senior Business Development Specialist, International Trade Administration, U.S. Department of Commerce, Teresa Hanson, Editor in Chief, PowerGrid International, Electric Light & Power and Utility Products, PennWell Corporation and Tim Chambers, Representative of the organizers of POWER-GEN Brasil, HydroVision Brasil and DistribuTECH Brasil, PennWell Corporation.
For more information or to register for the webcast, visit http://bit.ly/14C0HjM
In the past decade, Brazil's economy has grown to such an extent that Brazil is now labelled an economic superpower. With an average annual GDP growth of 4.2% over the past five years, a relatively attractive business climate, vast amount of natural resources and a supportive government, Brazil's future is looking bright.
Brazil is clearly encouraging more direct foreign investment. This is substantiated by the Government's announcement earlier this month to scrap its 6percent tax rate on foreign investors who buy Brazilian bonds in the domestic market. It also follows on from President Rousseff's decision in April to eliminate a tax on loans for the purchase, production and leasing of capital goods.
According to the United Nations Conference on Trade and Development, Brazil is the fifth most attractive country for foreign direct investment for the year of 2012 through 2014. Brazil is also consistently the largest foreign direct investment recipient in Latin America, receiving close to half of all South America's incoming investments.
As indicated by the Brazilian Central Bank's most recent foreign-capital census in 2010, the United States had the largest share of accumulated foreign-capital stock in Brazil, with 18.0%. Spain achieving 14.7% while Belgium had 8.7%. Additionally, net foreign direct investment inflows between the years 2006 of 2011 amounted to about US$377 billion, after subtracting depreciation and capital repatriation.
As countries around the globe rebound from the global economic crisis, Brazil is making great steps to maintain its position as the most attractive company for foreign investment in Latin America. In the last decade, Brazil has been one of the fastest growing emerging markets. It is currently the largest economy in Latin America and seventh largest in the world, and a country that the International Monetary Fund predicts is poised for
Captilising on Brazil's booming economy and expanding foreign investment and trade opportunities will be a major point of discussion for utilities and companies involved in the energy sector at PennWell's tri-located POWER-GEN Brasiil, HydroVision Brasil and DistribuTECH Brasil conference and exhibition to be held at Transamerica Expo Center, Sao Paulo from 24-26 September 2013.
The event follows on from the webcast to provide an expected worldwide audience of 2 000 + attendees and more than 100 exhibitors spanning over 20 countries, up-to-date information about best practices for doing business in and investing in Brazil.
To register or for more information on POWER-GEN Brasiil, HydroVision Brasil and DistribuTECH Brasil conference sessions, exhibitor and sponsorship opportunities, visit http://www.powerbrasilevents.com/en/index.html
About PennWell Corporation:
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the electric power generation and delivery and hydropower sectors plus other diverse markets. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell's headquarters in Tulsa, Oklahoma, the Company has major offices in Nashua, New Hampshire; London, UK; Houston, Texas; San Diego and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China.
About PennWell do Brasil:
PennWell do Brasil in Rio de Janeiro was officially launched on 8 April 2013. The opening of this local office signifies an important milestone in the continued growth of POWER-GEN Brasil, HydroVision Brasil and DistribuTECH Brasil.
The momentum seen by these events thus far underscores the importance of such a platform to the industry and the acute international interest in the Brazilian market. Having a local Brazilian office enables optimal support for the energy industry in Brazil with local currency registration, logistical and invoicing capabilities.
Joining PennWell's major offices located around the world in Nashua, New Hampshire; Houston, Texas; London, England; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China, PennWell do Brasil furthers the company's strategic expansion in the global media marketplace and supports PennWell's rapidly expanding energy businesses in Brazil
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SOURCE PennWell Corporation