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Brazil Property News: Brazil launches industrial policy
13th May 2008 04:55
Brazil's new industrial policy was launched yesterday (May 12th), it has emerged.
The new guidelines set out by the Latin American country's government aim to increase direct investment in its economy by 3.4 per cent to a total of 21 per cent of the gross domestic product.
It also aims to stimulate innovation in the industrial sector and expand the country's exports from 1.17 per cent of total global exports to 1.5 per cent by 2010.
People considering buying property in Brazil could be interested to hear that the nation aims to fuel its already booming economy by attracting more foreign capital.
Marcelo Baumbach, the president's spokesman, told the Brazil-Arab News Agency that the country's development bank was planning some incentive, credit and financing measures to ensure the targets are met.
"It is a very broad policy to sustain growth," he added.
Tax breaks offered may range from between seven and 20 per cent and there would be different targets for private and government sectors.
Last week, the government issued $500 million (£250 million) of its national treasury securities on European, US and Asian markets.
For more information on Brazil property investment and to find out about uv10's latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
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