Bolsonaro highlights Brazil's relations with the Emirates
Ties between Brazil and the United Arab Emirates are better than ever. This has been confirmed by Brazilian President Jair Bolsonaro, who says that the good relationship with the Gulf country is an example of a friendship from which both nations are benefiting economically. Thanks to this strong bond, there is evidence of a growing demand for Brazilian start-ups and all signs are that they will be used by the two nations to their mutual benefit.
According to Bolsonaro's words on the social network Twitter, the good relationship with the Emirates has led to an Emirati programme in search of new startups in the Latin American country. The Arab country would be interested in investing in projects related to energy, water, design, architecture, transport and logistics, and in those that carry out environmental analysis or research on sustainable economy.
Bolsonaro therefore announces that the Sharja Advanced Industry Accelerator (SAIA) will remain operational until the middle of this year. This is a programme developed by the Emirati authorities in which more than 750 companies come together to create sustainable and planet-friendly projects. This organisation serves as a platform for firms to meet and expose their new ideas or products to the global market.
The Brazilian leader took the opportunity to announce that 20 Brazilian startups have been selected to join the programme. They registered for free and will fight for a prize that is awarded annually to the best projects created in these sectors. For Bolsonaro, bringing together technology-based companies from both countries means reducing the Emirates' economic dependence on the oil and gas sector.
SAIA will conclude its annual competition at the end of this year, where the best projects that are applicable to the real-life environment will be chosen. The event is internationally renowned and last year alone, 515 companies from 65 countries around the world registered to participate and showcase new technological advances.
Brazil and the Emirates have a very important relationship in economic terms. For years, they have been signing all kinds of agreements and memorandums in all kinds of matters that have led to a clear improvement in all sectors of both countries.
The president himself also claims that companies from the South American country are becoming more and more important. According to him, they are growing sufficiently to gradually enter the world market. For the president himself, these firms are growing very positively and rapidly in the country itself, which means that Brazil's economic development is very important on an international level.
This has been achieved thanks to the implementation of a new legal framework in favour of startups. In recent years, companies dedicated to problem solving have increased and the benefits they produce are being valued by the Brazilian authorities. Today, there are around 12,000 of these small companies.
"Today, the model is not good for those who want to open a startup. Our goal is to simplify the process, reduce regulation and bureaucracy horizontally, and make it easier to attract investment and reduce barriers. We want to promote disruptive and innovative business models, generating great value," said Gustavo Ene, Secretary for Industry Development at the Special Secretariat for Productivity.
As a result, security legislation is already in place, which has been a long time coming and has benefited everyone who has invested in this small business sector. Previously, the government only created interim instruments that improved the situation for a short period of time, but in the long run, everything went back to the way it was.
"The interim measure took the burden off the state, reduced bureaucracy. This is critical for early-stage entrepreneurs, such as start-ups, so they can better start their business and focus on what really matters: creating new products, services, market readings or opportunities by engaging in business. Invest time in creating value rather than solving tax, legal or labour problems," continued the secretary.
Americas Coordinator: José Antonio Sierra.
