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UKEF’s new Brazil IEFE will ensure continued support for
trade links between UK exporters and buyers from Brazil as
well as Chile, Paraguay, Uruguay, and Argentina.
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With up to £4 billion in export finance already available for
buyers in Brazil, UKEF is seeking to grow the number of
businesses in Brazil and Latin America looking to invest in
and trade with the UK.
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Based at the British Consulate in São Paulo, the new IEFE
will work to strengthen trade ties between UK exporters and
Brazilian businesses.
UK Export Finance (UKEF) has appointed a new International Export
Finance Executive (IEFE) to promote trade opportunities with the
UK. The IEFE, based at the British Consulate in São Paulo, will
ensure continued support for trade links between the UK and
Brazil, working closely with major UK government departments to
showcase the expertise, capability and profile of UK businesses.
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.
With over 20 years of experience in the technology and financial
sectors, the Brazil IEFE will also support businesses in Chile,
Paraguay, Uruguay and Argentina interested in UK trade and
investment.
There are events planned to mark the appointment in São Paulo and
Rio de Janeiro, attended by local buyers and investors.
Tim Reid, CEO of UK Export Finance, said:
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 São 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.
The appointment strengthens trade opportunities after UKEF
supported a £89 million loan to
Embraer in the Brazilian aerospace sector last year.
Following recent appointments in Morocco in November
2022 and South Korea in March
2023, a total of 20 IEFEs operate worldwide, including 3
dedicated to supporting trade relations in the Americas. The
network creates vital trading opportunities for UK exports by
working with overseas buyers, financial lenders, His Majesty’s
Trade Commissioners and British Ambassadors to engage with
governments and companies looking to buy from the UK.
