UK and Brazil sign historic Host2Host trade accord
Tessa Jowell, Olympics Minister, said:
“This trade agreement will give British businesses the opportunity to tap into one of the fastest growing economies in the world. With Brazil expected to spend up to £30bn on the World Cup and Olympics this is a crucial and valuable agreement for Britain’s economy, helping British businesses capitalise on the significant experience that UK firms have in planning and delivering large infrastructure projects and major sporting events like the London Olympics.”
Trade, Investment and Small Business Minister Lord Davies said:
“The Olympics are not just about the finishing line they are about the bottom line. They are an economic stimulus package in themselves and provide enormous opportunities to showcase UK expertise. “The agreement welcomes Brazil to the Host2Host programme which aims to maximise business opportunities, open new markets, form business partnerships and develop sustainable economic legacies from hosting the Games.”
Countries already signed up include Canada (Vancouver 2010), Singapore (hosts of 2010 Youth Olympics), South Africa (2010 World Cup) and Russia (Sochi Winter Olympics 2014). The Host2Host agreement aims to meet Olympic economic legacy objectives. This includes attracting high quality foreign direct investment to the UK and helping UK businesses internationalise.
Tuesday, 30 March, 2010
