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KOTRA Opens Trade Office in Rio de Janeiro

June 29, 2012 09:33|July 02, 2012 11:37
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The Korea Trade-Investment Promotion Agency has opened a trade office—Korea Business Center—in Brazil’s second biggest city Rio de Janeiro on June 28. The opening of the Rio trade center is aimed at expanding presence of Korea-made goods in Brazil’s domestic market while at the same time preparing for winning business deals related to the 2014 World Cup games and the 2016 Summer Olympics in the city.

Choi Kyung-Rim, the Korean Ambassador to Brazil, said, “Last year Korea achieved $1 trillion in trade volume, but the trade figure with Brazil accounts for only 1.8 percent. Still Korea-Brazil trade has increased so rapidly for the past several years, three times from $5.6 billion in 2006 to $18.2 billion last year. That rising trend will keep going for some time to come.”

Lee Kyu-Nam, the head of KOTRA Latin America, said, “I am glad that we could open the 113rd trade office in Rio de Janeiro on the 50th year of KOTRA’s founding. Rio de Janeiro, together with Sao Paulo, is one of the two pillars of the Brazilian economy. The city, I hope, will award us with many projects related to the Atlantic Ocean deep-sea oil exploration, World Cup, and Summer Olympics.”