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LatinNews Daily - 16 November 2021

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In brief: Brazil courts investors in UAE

* Brazil’s economy minister Paulo Guedes has told attendees at the ‘Invest in Brazil Forum 2021’ launched in the United Arab Emirates (UAE) that they are the “ideal partner” for Brazil. Guedes highlighted structural reforms in Brazil such as the autonomy of the central bank, a regulatory framework for natural gas and railways, and fiscal triggers, as attractive, noting that “Brazil is now becoming a country for entrepreneurs”. He reminded investors that Brazil and the UAE already have an important investment relationship, with the latter’s sovereign wealth fund Mubadala Investment Company operating the Porto de Açu port complex in Rio de Janeiro state and recently acquiring the majority stake in the operation of the metro in Rio city. He noted that the port of Santos, the country’s largest, will be up for privatisation soon. Guedes is in the UAE as part of a delegation led by President Jair Bolsonaro, which will also visit Bahrain and Qatar.