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Tajani Announces Italy-Brazil Working Group for Business

Tajani and Márcio Elias Rosa create joint Italy-Brazil working group to unlock business, with over 1,100 Italian companies operating in the country.

Tajani Announces Italy-Brazil Working Group for Business
Foto: © European Union 2018 - Source : EP (Attribution)

Tajani Announces Italy-Brazil Working Group for Business

Italy's Foreign Minister, Antonio Tajani, announced the creation of a joint working group between Italy and Brazil aimed at unlocking business between the two countries. The announcement was made in São Paulo during an event at the Federation of Industries of the State of São Paulo (Fiesp) on September 9, following a bilateral meeting with the Minister of Development, Industry, Commerce and Services, Márcio Elias Rosa.

Announcement in São Paulo

According to Comunità Italiana, the meeting between Tajani and Márcio Elias Rosa served as the basis for the decision to establish a permanent dialogue channel between the Italian and Brazilian governments specifically focused on commercial relations. The announcement at Fiesp brought together business representatives and authorities from both countries, reinforcing the practical nature of the initiative, which emerged in response to recurring demands from Italian companies operating in Brazil.

The choice of Fiesp for the announcement is no coincidence: the organization concentrates a significant portion of foreign capital companies operating in the state of São Paulo, including many Italian companies present in the country. More information about this and other developments in the relationship between the two countries can be found in the News from Italy section of Raízes Italianas.

How the Mechanism Will Work

According to Comunità Italiana, the new working group will have an operational character, with direct and permanent contact between technical teams from the ministries responsible for foreign trade in both countries. The proposal is that the mechanism will function as an agile channel to resolve concrete problems faced by companies, without depending on slower diplomatic negotiations.

Among the priorities defined are:

  • Non-tariff barriers that hinder the entry of Italian products and services into the Brazilian market;
  • Excess bureaucracy in regulatory and customs processes;
  • Legal issues that generate insecurity for investors and established companies.

Beyond the permanent working group, an annual bilateral meeting was scheduled between the ministers responsible for trade from both countries, with the goal of evaluating results achieved and adjusting the course of negotiations as needed.

Economic and Commercial Context

The announcement comes at a time of consistent growth in commercial exchanges between Italy and Brazil. According to Comunità Italiana, bilateral trade has grown more than 55% in recent years, a jump that reinforces the economic relevance of the relationship between the two countries beyond historical and cultural ties.

Currently, more than 1,100 companies with Italian capital are established in Brazil, operating in sectors ranging from the automotive industry to agribusiness, as well as energy, fashion and technology. The consolidated presence of these companies explains in part the pressure for a more efficient channel for resolving bureaucratic obstacles.

Tajani's trip to Brazil was also accompanied by an Italian business mission that brought together more than 100 companies interested in expanding or starting operations in the country. The volume of participants is indicative of Italian appetite for business in the Brazilian market, especially in light of global uncertainties in other regions.

Mercosul-EU Agreement and Relevance to the Italian-Brazilian Community

During the event, Tajani classified the trade agreement between Mercosul and the European Union as historic and a priority for Italy's commercial diversification strategy. For the minister, the agreement represents an opportunity to reduce dependence on other markets and open new business fronts for European companies in South America, with Brazil playing a central role in this movement.

Tajani also highlighted the role of the Italian community and descendants of Italians in Brazil as a sort of natural bridge between the two countries, facilitating business, investments and cultural exchanges. The statement reinforces a recurring discourse of Italian authorities, who see in the diaspora — estimated at millions of descendants spread throughout Brazilian territory — a strategic asset for bringing the two economies closer together.

In recognition of his work in promoting relations between Italy and Brazil, Tajani received the Grand Cross of the Order of Industrial Merit of São Paulo, one of the highest honors granted by the state to foreign personalities who contribute to São Paulo's economic development.

For those who follow the developments in the lives of Italians and descendants outside Italy, the portal also maintains coverage of topics related to Italian Citizenship and the routine of those living in the European country, available in the Life in Italy section.

The announcement of the joint working group signals the two governments' intention to transform recent growth in bilateral trade into a more stable and predictable relationship, with institutional channels capable of resolving obstacles before they become permanent barriers to business.

Source: Comunità Italiana

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