President Dilma Rousseff will take part in the 5th Brazil-European Union Summit, to be held on 3 and 4 October, in Brussels. The President will also participate in the closing ceremony of the 5th Brazil-European Union Business Forum.
At the Summit, President Dilma Rousseff, the President of the European Commission, José Manuel Durão Barroso, and the President of the European Council, Herman van Rompuy, will adopt the 2012-2014 Joint Action Plan for the Brazil-European Union Strategic Partnership. Educational cooperation and science and technology will be some of the issues to be addressed. Agreements on air services, technological development, space policies, cultural cooperation and tourism are expected to be signed.
They will also go over global interest affairs, such as the world’s economic scenario, sustainable development, environment and the recent developments in the Israeli-Palestinian conflict.
Taken as a whole, the European Union is Brazil’s main trading partner, while Brazil is the ninth largest trading partner of the bloc. In 2010, the trade flow between Brazil and the European Union exceeded US$ 82 billion, resuming the level observed in 2008. Exports from Brazil to the countries in the union were at US$ 43 billion in 2010, a 26.7% increase with regard to 2009, whereas imports totaled US$ 39 billion, a 33.8% with regard to 2009.
Brazil is the sixth main investor in the European Union, with US$ 5 billion in direct investments in 2010. The stock of Brazilian investments in the union increased 280% between 2006 and 2009, reaching US$ 75 billion – the largest increase recorded among the ten main investors in the bloc.
In 2010, European investments in Brazil reached US$ 8 billion. The stock of European direct investments in Brazil reached US$ 177 billion in 2009, ranking Brazil as the fourth main destination for European investments.