luiz carlos t. de carvalho chief advisor for foreign trade ......luiz carlos t. de carvalho chief...
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Luiz Carlos T. de Carvalho
Chief Advisor for Foreign Trade and Investments
Undersecretary for International Relations
Chief of Staff Secretariat
Government of the State of Rio de Janeiro
LOCATION:
Southeast of Brazil
(57% of national GDP)
AREA:
43,780 km2
(0.5% of the Brazilian territory)
POPULATION :
16.00 M (8.4% of total)
GDP:
US$ 192,0 B (10,9% of Brazil’s GDP)
US$ 11,9 (GDP per capita)
Source: IBGE Source: World Bank/IBGE
US$ B
Source: IBGE (2010)
0
50
100
150
200
250
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
GDP OF THE STATE OF RIO DE JANEIRO
US$ B
80,0 92,6
101,6 120,4
133,5 148,8
192,0 185,4
160,4
74,5
Source: IBGE (2012) / Austiin Ratings
Projection of GDP Growth for 2020
2004
2006
2008
2010
2012
2014
2016
2018
2020
Source: IMF/IBGE (2010) Source: World Bank/IBGE- All numbers refer to the year 2008
BRAZIL
2,7
4,3
1,1
5,7
3,2
4,0
5,7
5,1
-0,2
STRONG SUSTAINABLE GROWTH 2000 - 2009
Source: IMF/IBGE (2010) Source: World Bank/IBGE- All numbers refer to the year 2008
BRAZIL VS CHINA
4,3
2,7
1,1
5,7
3,2 4,0
5,7 5,1
-0,2
8,0 8,3 9,1
10,0 10,1 9,9
11,1
9,6
11,4
8,7
1,3
STRONG SUSTAINABLE GROWTH 2000 - 2009
Source: IMF/IBGE (2010) Source: World Bank/IBGE- All numbers refer to the year 2008
BRAZIL VS CHINA VS RIO DE JANEIRO
4,3
8,0
6,1
1,3
8,3
7,0
2,7
9,1
15,8
1,1
10 9,6
5,7
10,1
18,5
3,2
9,9 10,8
4,0
11,1 11,4
5,7
11,4
7,7
5,1
9,6
15,5
-0,2
8,7
2,0
STRONG SUSTAINABLE GROWTH 2000 - 2009
Source: IBGE/IPCA
INFLATION RATE 2000 - 2009
BRAZIL
RIO DE JANEIRO
Purchasing Power Parity
Cross-country comparison with the State of Rio de Janeiro
US$ PPP (B)
Source: World Fact Book / CIA / GPD PPP Per Capita 2009
GROSS DOMESTIC PRODUCT (PPP)
GROSS DOMESTIC PRODUCT PER CAPITA (PPP)
Purchasing Power Parity
Cross-country comparison with the State of Rio de Janeiro
Source: World Fact Book / CIA / GPD PPP Per Capita 2009
Source: SEDEIS
Corcovado
Pre-Salt
PRE-SALT OIL PERSPECTIVES
Source: ANP
PRE-SALT OIL PERSPECTIVES
Perspective of more than 50 billion barrels of light oil
Investments: US$ 600 billion up to 2020
Pre-Salt Region: 800 km long and 200 km wide in 3 basins: Espírito
Santo, Campos and Santos
Source: ANP/Petrobras
PRE-SALT OIL PERSPECTIVES
Main Challenges:
Logistics = 300km offshore
New materials = corrosion
Gas outflow = ELNG
National content= local talent pool
PRE-SALT OIL PERSPECTIVES
Oil Production (2000-2011)
Brazil and the State of Rio de Janeiro (B.O.E./day)
Source: ANP
O&G OUTLOOK
79,6% 80,6%
82,6% 81,7% 82,0%
84,2% 84,2% 81,6%
82,5%
85,0% 79,3%
Gas Production (2000-2011)
Brazil and the State of Rio de Janeiro (millions/m3/day)
Source: ANP
O&G OUTLOOK
43,1% 42,6% 44,4% 42,2% 39,9%
45,0% 46,4% 44,2% 40,6%
49,7% 44,2%
Metropolitana
Noroeste
Norte
Serrana
Baixadas
Litorâneas
Médio-Paraíba
Centro-Sul
Fluminense
Costa Verde
Important center for postgraduate education
(50 PhDs per 100,000 inhabitants)
Strong professional education network:
6 technological education institutions
134 universities
21 technological centers
Research centers:
Biomedical
Engineering
Energy:
Oil and Gas
Electricity Universities
University Centers
Technological Education
Centers
Source: FAPERJ
Science and Technology
ABC
CENPES
CETEM
CNEN
PESAGRO-RIO
FINEP
CECIERJ
FAETEC
FGV
FIOCRUZ IMPA
IME INMETRO
INCA
INT LNCC
PUC-RIO
UERJ
UENF
UNIRIO
UFRJ
UFF UFRRJ
FAPERJ
BR-101 Santos – 535Km
BR-116 São Paulo – 429 Km
BR-040
Belo Horizonte – 434Km
BR-101 Vitória – 514 Km
Salvador – 1654Km
BR-116
Rio das Flores
Com. Levy Gasparian
Paraíba do Sul
Três Rios
Areal
S. J. do Vale do Rio Preto
Sapucaia
Teresópolis
Petrópolis
Paty do Alferes
Miguel Pereira
E.Paulo de Frontin
Japeri
Barra do Piraí
Mendes
Vassouras
Valença
Quatis Porto Real
Itatiaia
Resende Barra
Mansa
Volta Redonda
Pinheiral
Piraí Paracambi
Seropédica
Rio Claro
Queimados
Itaguaí
Nova Iguaçu
Mesquita Nilópolis
S.J. Meriti
B. Roxo D. de Caxias
Mangaratiba Angra dos Reis
Parati
Rio de Janeiro Niterói Maricá
S. Gonçalo
Magé
Guapimirim
Tanguá
Itaboraí Rio Bonito
Saquarema
Araruama
Iguaba Grande
S. Pedro da Aldeia
Arraial do Cabo
Cabo Frio
Armação de Búzios
Cachoeiras de Macacu
Silva Jardim
Casimiro de Abreu
Nova Friburgo
Rio das Ostras
Macaé
Carapebus
Quissamã
Sumidouro
Carmo
Duas Barras
Bom Jardim
Cordeiro
Cantagalo
Trajano de Morais
Macuco
S. Sebastião do Alto Sta. Ma.
Madalena
Conceição de Macabu
Campos dos Goytacazes
S.João da Barra
S. Francisco de Itabapoana
Italva
Cardoso Moreira
São Fidélis Itaocara
Aperibé
S. Antonio de Pádua
Miracema
Cambuci
S. José de Ubá
Laje de Muriaé
Itaperuna
B. Jesus de Itabapoana
Varre-Sai
Porciúncula
Natividade
NORTE
NOROESTE
SERRANA
BAIXADAS LITORÂNEAS
CENTRO-SUL
METROPOLITANA
COSTA VERDE
MÉDIO PARAÍBA
Roads – 27,000 Km (17,000 miles)
Railways – 3,000 Km (1,900 miles)
Logistics
6 Ports (1 project)
- 10 Regionals
- 02 Internationals
12 Airports
ESPÍRITO SANTO
ATLANTIC OCEAN
Source: MEC, CAPES
4 of the top 9 universities of Brazil are in Rio Education Ministry Ranking - Undergrad
Education Ministry Ranking – Grad
University City Grade # Course
UFRJ RJ 5 119
UFMG BH 5 104
UFRGS P.Alegre 5 71
UNIFESP SP 5 41
IBMEC - RJ RJ 5 5
USJ - SC São José 5 3
FACAMP Campinas 5 2
IME RJ 5 1
FGV RJ 5 1
Other Universities in Rio with grade 4
UERJ RJ 4 51
PUC-RIO RJ 4 30
UNIRIO RJ 4 26
CEFET/RJ RJ 4 12
IST-RJ RJ 4 1
ENCE RJ 4 1
Esc. Direito do RJ RJ 4 1
University City Grade # Course
UFRJ RJ 7 7
UNICAMP Campinas 7 6UFRGS P. Alegre 7 4
USP SP 7 3
UFMG BH 7 3PUC-RIO RJ 7 2
CBPF RJ 7 1IMPA RJ 7 1UNESP SP 7 1
University City Grade # Course
UFRJ RJ 6 9
USP SP 6 5PUC-RIO RJ 6 4
UFMG BH 6 4UNICAMP Campinas 6 2
UFPE Recife 6 2UFRGS P. Alegre 6 2
CENPES Petrobras´Research center
FIOCRUZ Brazilian Health Research Center
CEPEL Electricity Research Center
CTEX Army’s Technology Center
INT National Institute of Technology
IMPA Inst. of Pure and Applied Mathematics
CBPF Brazilian Center for Physics Research
IEN Nuclear Engineering Institute
INMETRO National Institute of Metrology
Research Centers
R&D Centers established in the last 24 months
Company Investment (USD)
12M
30M
30M
36M
450M
21M
15M
50M
50M
120M N/A
70M
BRAZIL
March 2010
The State of Rio de Janeiro
becomes the first in South America to
Receive Investment
Grade
The State of Rio de Janeiro
becomes the first and only to have two Investment
Grades
December 2011
Oil production
1.5 million barrels / day (79,3% of the national production)
Gas production
21 million m3/ day (44,2% of the national production)
Self sufficient in eletricity
Installed capacity: 7,400 MW
6 thermoelectric plants: 4,320 MW
2 nuclear plants: Angra I and II
Under construction
Açu Coal Fired Power Plant: 2,100 MW
Angra III Nuclear Power Plant: 1,350 MW
Simplicio Hidroelectric Power Plant 333,7 MW
Source: SEDEIS
Eisa US$ 1,0 Bi
Gerdau - US$ 1,3 Bi
Porto do Sudeste (LLX) - US$ 0,7 Bi
Oil and Gas- US$ 60,7 Bi
Comperj US$ 5,1 Bi
Açú Thermo Plant US$ 2,9 Bi
Petrochemical Industry US$ 6,5
Steel Industry US$ 2,0
Shipyards US$ 6,6
Transformation Industry US$ 0,7
Logistics US$ 1,7
Energy US$ 8,2
Urban Development US$ 1,7
Oil and Gas US$ 60,7
Source: Firjan, SEDEIS e PCRJ
Major Investment Projects
World Cup and Olympics US$ 6,5
Duque de Caxias Refinery
US$ 0,7 Bi Coquepar US$ 0,7 Bi
Ternium US$ 0,7 Bi
OSX US$ 1,3 Bi
Brasfels US$ 1,1 Bi
STX US$ 0,3 Bi
Grupo Fischer US$ 0,4 Bi
São Francisco de Itabapoana Eletric Plant
US$ 0,8 Bi
World Cup and Olympics US$ 6,5Bi
Prosub US$ 2,1 Bi
Porto Maravilha US$ 1,0 Bi
CEDAE US$ 0,7 Bi
Volkswagen US$ 0,3 Bi
GE US$ 0,4 Bi
Angra 3 US$ 4,5 Bi
Açu Complex
R$ 1,0 Bi
Source: Decision Rio/FIRJAN
Major Investment Projects
Total of Investments US$ 102,0
New Investments Announcements - 2010
Country/State Announcements Value (US$ Million) Part. (%)
Brasil 794 268.000 -
Rio de Janeiro 63 18.457 6,87
Minas Gerais 39 10.607 3,95
São Paulo 129 10.471 3,90
Source: RENAI/MDIC
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2007 2008 2009 2010
BR U$ 48b
RJ U$ 25b
Foreign Direct Investments
Brazil X Rio de Janeiro
2007-2010
RJ U$ 5,45B RJ U$ 7B
BR U$ 33,7
RJ U$ 11,1B
BR U$ 43,9B BR U$ 30,4B
Source: SEDEIS
DISTANCE 280 km
150 km
SPEED 12
knots
12
knots
TIME 12.6
hours
6.8
hours
OIL AND GAS
BLOCKS
Source: SEDEIS
DISTANCE 280 km
150 km
SPEED 12
knots
12
knots
TIME 12.6
hours
6.8
hours
OIL AND GAS
BLOCKS
Source: SEDEIS
150 km from Campos oil basin (85% of Brazil oil production);
Natural workshop for the pre salt in Brazil: one stop shop for the oil and gas industry;
Açu Superport : Brazil’s new route to China (Source: FT; May 9th, 2011).
Up to 350 million tons port complex with 2 terminals (TX1 and TX2), to be
ranked among the largest in the world.
17 km of quay, able to receive 40 very large carriers (including Chinamax) thanks to its 26m draft.
More than 80 contracts and MoUs signed with companies from sectors such as:
Resources and cheaper energy supply security, operating and logistic efficiencies, truly just in time
practices and 2% VAT instead of 18%.
Cement;
Offshore Industries;
Shipyards and Repairyards;
General Cargo & Services.
Oil and Gas;
Metal Mechanic;
Dry & Liquid Bulk Handling;
Automotive;
Steelmaking;
Heavy Industry Machinery
Light Machinery and
Components
Power Generation;
Largest and most efficient port-industry complex in Latin America : total investments of US$ 40 billion
Source: SEDEIS
DISTANCE 280 km
150 km
SPEED 12
knots
12
knots
TIME 12.6
hours
6.8
hours
OIL AND GAS
BLOCKS
Research and Development
- Tax Incentives
• Lei do Bem (Law 11.196 – 2005): IRPF and IPI
• IT LAW (Law 8.248, 10.176, 11.077): manufactures and goods
• PADIS (Law 11.484 – 2007): PIS/COFINS/IRPJ
- Programs (BNDES)
• Innovative Capital Program: R$ 200 million per economic group of maximum support
• Technological Innovation line: R$ 1 million of minimum support
• Production Innovation line: R$ 3 million of minimum support
• Technology Fund line - non-reimbursable fund: Investment of up to R$ 1.5 million per
company
• Program for Software Development: R$ 1 million and above of financing
• Program for Aeronautics: R$ 1 million and above of financing
Research and Development
- Programs (FINEP)
• Inova Brasil: R$ 1 million of minimum support
• Economic Subvention – non-reimbursable fund
• Zero interest rates: R$ 100,000 of minimum support
- Programs (CNPQ/ MCT)
• Company Researchers Grants Program – non-reimbursable
55%
20%
11%
9% 4%
1%
TRANSPORTATION ENVIRONMENT INFRASTRUCTURE SECURITY VENUES HEALTH
Source: EGP-Rio (Abril/2011)
• SUSEP
Regulation
• CNSEG
Representation
• FUNENSEG
Training
•IRBRe
•Lloyd’s
•Bradesco Seguros
•Korean Re
• ACE Property
• Everest
Reinsurance
• Hannover Re
• Scor Reinsurance
• Transamérica
Reinsurance
• Transatlantic
Reinsurance
• XL Re Latin America
• 24+ Hedge Funds
Main Players
Source: AliceWeb/MDIC
Export x Import
13,5
11,6
20,0
16,7
29,4
19,0 +47%
Record
2009 2010 2011 2009 2010 2011
US$ FOB
Record
