February 28, 2001

Georgia-Brazil Business Summit To Kick Off Brazil 2001 Business Initiative And Trade Tour In Atlanta, Georgia

Timothy S. Perry, Honorary Consul to Brazil in Atlanta, to Moderate Panel Discussion.

Brazil boasts one of the world’s ten largest economies and is the 12th largest market for U.S. products and services, positioning the country as a top priority for U.S. businesses pursuing international expansion. Brazil’s economy is twice the size of Russia’s or India’s and is almost the size of China’s. This huge potential for trade and investment relationships between the U.S. and Brazil merits the multi-city trade and business-focused initiative known as Brazil 2001, which is a joint effort by the Brazilian Embassy and the Brazil-U.S. Business Council. Atlanta has been chosen to host the series’ inaugural event, scheduled for March 6th, which will bring together key Brazilian officials and top U.S. executives to discuss opportunities for strengthening bilateral trade and investment.

The Brazilian Embassy and the Brazil-U.S. Business Council (a bilateral trade organization) have combined their efforts to raise the profile of Brazil-U.S. business in key states such as Georgia, California, Florida, Illinois and Louisiana. First in the series is the "Georgia-Brazil Business Summit," which will take place at the Carter Presidential Center and will focus specifically on the potential for future relationships between Georgia-based businesses and Brazil. With about ten billion dollars already invested in Brazilian development by Atlanta-based businesses, the potential for future development is substantial.

The United States is Brazil’s principal trading partner, with U.S. exports to Brazil topping thirteen billion dollars in 1999 alone. The Council on Foreign Relations reports that Brazil accounts for more than half the Gross Domestic Product and population of South America. The country is roughly the same size as the continental United States.

Alston & Bird partner Timothy S. Perry, will moderate the panel discussion "Private Sector Perspectives: Doing Business in Brazil." Perry was appointed Honorary Consul of Brazil in Atlanta late last year. In his capacity as Honorary Consul, Mr. Perry works to provide to the Atlanta community in particular a close working relationship with Rubens Barbosa, Brazilian Ambassador to the U.S. and Alcides Tapias, Minister of Development, Industry and Trade. This will be Ambassador Barbosa’s third visit to Atlanta in the last six months, an indication of the importance of the relationship between Brazil and the many Atlanta-based businesses who have a strong presence there.

Minister Tapias will give the keynote address at the summit. Additional panel topics include "Entering the Brazilian Market", "Creating Bilateral Trade Opportunities", and "Brazil’s Vision for Regional Economic Integration." Speakers include Ambassador Barbosa, Rep. Julio Redecker, Chairman of the Mercosul Committee; Dorothea Werneck, Executive Director of the Brazilian Export Promotion Agency; Elizabeth McQuerry of the Federal Reserve Bank of Atlanta; Jeffrey Schott of the Institute of International Economics; Mark Drusch of Delta Airlines; Ana Guevara of UPS; Anssi Raty of Nokia and David Bruce of Georgia State University.

Mr. Perry is a partner in Alston & Bird’s Atlanta office. He concentrates on acquisitions and international business transactions with particular emphasis on Latin America. His practice includes acquisitions and joint ventures principally in Brazil, Mexico and Argentina. He is currently serving as Honorary Consul for Brazil in Atlanta.
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