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With £4 billion of funding already on offer to help Brazilian buyers, provided they source at least in part from the UK, the IEFE will work to facilitate major financing deals for local businesses who seek to build relationships with UK exporters. The Brazil IEFE will also support businesses in Chile, Paraguay, Uruguay, and Argentina interested in UK trade and investment. The appointment is expected to strengthen trade opportunities, the UK government said in a press release.
The new IEFE brings over 20 years of experience in the technology and financial sectors, and events are planned to mark the appointment in Sao Paulo and Rio de Janeiro, attended by local buyers and investors. The network of IEFEs creates vital trading opportunities for UK exports by working with overseas buyers, financial lenders, trade commissioners, and British ambassadors to engage with governments and companies looking to buy from the UK.
This appointment follows recent appointments in Morocco in November 2022 and South Korea in March 2023, bringing the total number of IEFEs worldwide to 20, including 3 dedicated to supporting trade relations in the Americas.
“We’re delighted to be welcoming a new Brazil specialist to UKEF. Their efforts will enable UK businesses to increase trade not just with Brazil, but also with Chile, Uruguay, Paraguay, and Argentina. Our new international export finance executive, based in Sao Paulo, will bring expertise and industry knowledge vital for our work in this region, ensuring that the trade relationship between the UK and our regional partners continues going from strength to strength. This will help us to keep identifying and delivering projects that support the UK supply chain and export UK innovation to Latin America,” said Tim Reid, CEO of UK Export Finance.
Fibre2Fashion News Desk (DP)