UK Export Finance appoints a representative to support Brazil-UK trade
UK Export Credit Agency eyes Brazil as a priority market given the importance of the trade and investment relations between the two countries.
Brazil has become first country in the Americas and the third in the world to have a representative from the UK Export Finance (UKEF) international network, the UK Government Export Credit Agency. Maria Ang茅lica Oliveira Luqueze has been appointed to occupy the newly created position of Country Head of Brazil for UK Export Finance to work locally at the British Consulate-General in S茫o Paulo and to help increase the Agency鈥檚 efforts to strengthen the UK-Brazil trading relationship.
Established in 1919 as the world鈥檚 first export credit agency, UKEF helps buyers around the world to trade with UK suppliers by offering attractive financing options. Through its local presence in S茫o Paulo, UKEF is strategically positioned to provide competitive and innovative finance to Brazilian companies doing business with the UK.
The British ambassador to Brazil, Vijay Rangarajan, points out that 鈥渢he choice of Brazil as one of the first overseas presence of UKEF demonstrates the importance that the UK has given to the development of the country as one of the main bilateral trading and investment partners鈥�.
According to Maria Ang茅lica, the country鈥檚 new representative for UKEF, 鈥渢he opportunity to access British financial support is extremely important for Brazilian companies at this time due to the resumption of Brazil鈥檚 economy and potential growth鈥�.
Maria is based at the British Consulate-General in S茫o Paulo and works closely with the Department for International Trade (DIT) and the teams involved in promoting Brazil-UK business relationship. UKEF has up to 拢3 billion in capacity to support Brazil-UK trade, and since 2016 has been able to provide finance in Brazilian Real.