Knowledge Partners

 Economic Laws Practice       Avalon Consulting

 Technloogy Holdings   

September 23, 2004

Brazil targets $2-B in IT exports by 2007

Extracts from an interview given by Luiz Fernando Furlan, Brazil's Minister of Development, Industry & Foreign Trade, to BusinessWeek magazine:

We have a target to improve our IT exports to $2 billion in 2007 -- software and services. Now it's $100 million. It's very ambitious. But the private sector tells us it's possible....

We have all the conditions to be a player in the world software market. We have a good infrastructure of telecommunications and energy. We have the domestic market. We have more than 6,000 PhDs in technology coming out every year. The cost of production in Brazil is much lower than U.S., Europe, and Japan. We can deal with Europe and Japan in the daylight.

We're the sixth- or seventh-largest market for software worldwide. We have an $8 million market for software...

We're building up our own model. We have seen Ireland, India. We look at other countries. We can't buy a canned model. We have a base already.