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The First EU-Brazil Business Summit occurred on the 4th July 2007, in parallel to the First Political Summit
The First EU-Brazil Business Summit occurred on the 4th July 2007, in parallel to the First Political Summit, and was jointly organized by the Portuguese Industrial Association - Entrepreneurial Confederation (AIP-CE), the Portuguese Industrial Confederation (CIP) and the National Confederation of Industries from Brazil (CNI), in collaboration with the BUSINESSEUROPE, and sponsored by the European Commission, by the EU Portuguese Presidency and by the Brazilian Government.

The 180 Brazilian and Portuguese entrepreneurs present at the event, congratulated themselves for having the Business Summit at the same time of the Political Summit, which allowed the businessmen to meet the government leaders of both regions.

During the CEO's Round Table, companies made the following recommendations to the political leaders, for the EU-Brazil Strategic Partnership:

  • The Doha Round: The EU and Brazil should use their collective weight in the WTO to bring the Doha Round to an ambitious conclusion by end-2007.

  • EU-Brazil Strategic Partnership: The Partnership is a good platform for dialogue. It should enhance EU-Mercosur relations and contribute to the successful conclusion of the stalled free trade agreement negotiations.

  • Investiment, Infrastructure, PPPs: Companies fully support policies to increase investment in infrastructure. The involvement of the private sector through public-private partnerships and public concessions will increase the impact and efficiency of these investments.

  • Competitiveness and Innovation: The EU and Brazil must implement policies to promote competitiveness and innovation in order to drive the core goals of growth and jobs.

  • Energy and Climate: Brazil and the EU should work together to promote a multilateral framework for tackling climate change. There is also a need to promote standards and open markets for biofuels and for the raw materials used in their manufacture.

In the opinion of business leaders, this partnership is also an opportunity to consolidate the ongoing cooperation activities and define priorities in the areas of common interests. For this agenda to generate the expected results, it is important that it will be treated as a relevant and integrated project in which initiatives are put forward under general coordination at the highest political and institutional level. In view of the importance of this agenda for the business sector, Brazilian and European entrepreneurs recommended the creation of a public mechanism for monitoring the implementation of the agenda. It shall be incumbent on this mechanism to define the goals and deadlines, as well as to attribute responsibilities.

Lastly, European and Brazilian companies considered that Business Summits have an important role to play in the intensification of the economic relations between both sides and, therefore, decided that these summits will be regularly organized, alternately in the EU and Brazil, taking into account the calendar of the EU Brazil political summits.
European and Brazilian companies have also decided to designate as Co-Chairmen of the next EU-Brazil Business Summit, Mr. Jorge Rocha de Matos (AIP-CE/CIP), for the European Union side and Mr. Armando Monteiro Neto (CNI) for the Brazilian side.

The discussions that took place during the CEO's Round Table, morning session, have generated a joint declaration delivered during the afternoon session of this event to the political leaders: Luiz Inácio Lula da Silva - President of Brazil, José Manuel Durão Barroso - President of the European Commission, and José Sócrates - President of the European Union, so that they could consider their 13 recommendations for the New Strategic Partnership to be launched at the First Political EU-BRAZIL Summit.

The event's lunch counted with the following honored key speakers: Peter Mandelson (European Commissioner for Trade), Benita Ferrero-Waldner (European Commissioner for External Relations), Miguel Jorge (Brazilian Minister of Development, Industry and Foreign Trade), Luís Amado (Portuguese Minister for External Relations) and Manuel Pinho (Portuguese Minister for Economy and Innovation).
joint declaration
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The 1st EU - BRAZIL