Nigeria-Brazil Trade Mission (NBTM): Expanding Nigeria-Brazil Trade & Business Relations

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Theme: Expanding Nigeria-Brazil Trade & Business Relations

BACKGROUND

Basis

Nigeria and Brazil over the years, have enjoyed progressive bilateral relations that have enhanced economic development, defence, food productions among others

In 2017, Brazil was classified as the 8th largest economy in the world with an array of strong and vibrant economy sectors, clearly indicating a unique opportunity for Nigeria to further strengthen ties with Brazil and boost her economy; especially at a time when the Nigerian government has taken proactive steps to diversify the economy and encourage Foreign Direct Investments into Nigeria.

To complement the efforts of the Federal Government of Nigeria in the realisation of the Strategic Economic Recovery and Growth Plan (ERGP) 2017-2020, The Federal Ministry of Industry Trade and Investment organized the 2019 Nigeria-Brazil Trade Mission to Brazil with the aim to further strengthen trade and investment relations between Nigeria and Brazil for mutual comparative advengates.

Dates & Venue

The 2019 Nigeria-Brazil Trade Mission to Brazil took place at two strategic cities: Brasilia and Sao Paulo.

Government to Government meeting:

Date:               Tuesday 26th & Wednesday 27th March 2019

Venue:           Brasilia

Business Forum (B to B; G to B):

Date:               Thursday 28th & Friday 29th March 2019

Venue:           Novotel Hotel, Sao Paulo

Invited Guests

Several organizations (both public and private) were invited from Nigeria and Brazil, including National Shea Products Association of Nigeria (NASPAN), Federation of Agricultural Commodity Association of Nigeria (FACAN), Brazil Economic Recovery and Growth Plan office, ECOWAS-Brazil Chamber of Commerce, Brazilian Ministry of Trade, Brazilian Investment Promotion Agency and Nigerians in Diaspora Organization, Brazil. Others were: Bank of Industry (BoI), Nigerian Export Promotion Council (NEPC), Nigeria Export Processing Zones Authority (NEPZA), Small and Medium Enterprises Development Agency (SMEDAN), Nigerian Export-Import (NEXIM) Bank, National Automotive Design and Development Council (NADDC), Abuja Chamber of Commerce, and several other organized private sector organizations.

Focus

The focus of the event was to promote Non-oil sector, with specific emphasis on Agric & Agro Allied Business, Manufacturing & Processing, Financial Services (Banking and Finance), Small and Medium Enterprises, Automobile (Spare parts) and ICT. The Mission was a unique platform for both public and private sectors from both countries to exchange ideas, network, conclude business ventures and review bilateral economic relations.

Organizers

The key organizers of the event are the Federal Ministry of Industry, Trade, and Investment led by Hon. Minister of State Hajiya Aisha Abubakar, with institution collaboration from the Ministry of Foreign Affairs, Bank of Industry (BoI), Embassy of Nigeria Brasilia, Embassy of Brazil Nigeria and Nigerians in Diaspora Organisation, Brazil. The strategic, logistical, and operational aspects of the event were coordinated by Diplomatic Vista Management & Consultancy who mobilized and managed both the registration and logistical requirements of participants.

PROGRAM OF EVENTS

The four-day event was structured into two modules: The first two days was for Government to Government meetings, followed by a two-day Business Forum.

  • Government to Government Meeting

The Nigerian Ambassador to Brasilia, H.E. Amb. Chris Okeke led the Nigerian delegation from Ministry of Industry, Trade and Investment, Ministry of Interior, Agriculture and other MDAs to pay a coutesy call and meet with their Brazilian counterparts including Brazilian Ministry of Trade, Brazilian Ministry of Agriculture, Brazilian Investment and Promotion Agency and Brazilian Confederation of Industry. The 2-day visit and meeting did not only serve as a means to expand understanding for better economic bilateral coordination between Nigeria and Brazil governments, but It also provided opportunities for future investments worth exploring and review of existing bilateral economic relations.

Business Forum (B to B; G to B):

The 2-day Business Forum, was a combination of B2B meeting, Companies’ presentations/testimonials, panel discussions, Gala Dinner reception & recognitions, and City Tour.

Company Visits & City Tour was to National Service for Industrial Training (SENAI); Federation of Industries – State of Sao Paulo (FIESP) and Visit to Mayor of Sao Paulo.

Presentations / Testimonials

The Business Forum had various speakers from Nigeria and Brazil:

Presentations from Nigerian organizations:

Ministry of Industry, Trade and Investment, Nigeria Investment Promotion Commission, Nigeria Export Processing Zones Authority, Small and Medium Enterprise Development Agency of Nigeria, National Automotive Design and Development Council, Samsung Heavy Industry Nigeria Limited, Abuja Chamber of Commerce and other individual enterprises.

Presentations from Brazil organizations:

Presentations from Brazil organizations whereby: Prof. Roberto Spada Director International Affairs, SENAI (Brazil); Fernando Dmitruk, President, DYNAR, and other representations from Brazilian Association of the Industry of Machines and Equipment (ABIMAQ), ECOWAS Brazil, FIESPI and SEBRAI

Recognitions & Award:

Various recognition & awards were accorded to well deserving individuals in acknowledgment of their positive strides in developing and advancing in both countries.

THE FORUM

The Business Forum attracted approximately 220 participants which comprised the following mix:

Brazilian (Government agencies, companies and individuals) – 100

Nigerians living in Brazil (companies and individuals) – 40

Participants from Nigeria (Gov. Agencies, companies and individuals) – 65

Organizers (Min of Industry, Trade and Investment, Diplomatic Vista) – 15

                                           Total participants:                                                     220

B 2 B

The B2B was a huge success and it proved to be an essential platform in bringing together Business entities from both countries as it created deeper opportunities for investment enquiries to be attended to and for companies to develop a memorandum of understanding.

TAKE AWAY AND FOLLOW UP

The success of the trade mission can be measured by the outcome and feedback from participants (both Nigerians and Brazilians). So far, there have been several feedbacks and additional requests. Moving forward:

  • This is a historic event that has now opened the door for a more constructive Nigeria-Brazil economic and diplomatic relations.
  • Brazilian companies have indicated interest to visit Nigeria, following the successful discussion with some of the participants from Nigeria.
  • Based on the enquiries and feedback from both the Brazilian companies and participants from Nigeria, the conclusion is that there is need to organize an inbound Nigeria-Brazil Trade & Investment mission to Nigeria in the near future.

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Nigeria-Brazil

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