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Studio Guest: Stefan Zoller, Chairman of the Brazil Board

02:55

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Kiron KreuterSeptember 21, 2011

Our second studio guest today is Stefan Zoller, Chairman of the Brazil Board.

DW-TV: Stefan Zoller joins us now, boss of EADS and CASSIDIAN. Brazil's got itself in a good economic position. That wasn't always the case. How has it got there?

Stefan Zoller: It's obvious. The country had been suffering for so many years. But after a while nutrition soared, prices went up. They found petrol and fuels on the coastal shores. On top of it, they moved 30 million poor people into the middle class. So consumption is rising as well. It's very well positioned to even surpass the GDP of Germany within the next 10 years.

DW-TV: Natural resources playing a bit part there. You mentioned the domestic economy, but exports have also powered along economic growth in Brazil. Let's look at their major trading partners. The European Union tops the list, with over 57 billion euros in trade a year. China overtook the US a couple of years ago, with over 40 billion - and that's growing. The Chinese are investing heavily in Brazil. Are they going to overtake the Europeans some time soon?

Stefan Zoller: Hopefully not. But it's obvious that there is a huge interest among many companies and nations to play a decisive part in the future economy of Brazil and there's a lot of investment in many fields, and everyone want's to have their share. We see lots of delegations travelling through the country, supported by their government and financing schemes to do better.

DW-TV: Brazil doesn't tie it down to one country? China would be a good one. There's a lot of money to be made there.

Stefan Zoller: I don't think so. In some fields, China is in competition with Brazil. Brazil sees itself as a key player on the globe in a couple of years. Therefore they're rather in competition with China. So they're looking around the globe and have a national interest in seeing more German and European partners, while they also address the Amnerican dimension.

DW-TV: How competitive can the Germans be?

Stefan Zoller: The Germans are incredibly. They have more than 1200 companies already based in the country. So for decades, from machinery to automotive, chemsitry and medical treatment - that's where we're grat. What we have to focus on now is the infrastructure. The Brazilian government wants to spend one trillion on infrastructure. And one trillion is lot of money on ports, airports, railways - you name it.

DW-TV: And just briefly: the 2014 World Cup. Is Germany positioned well for that as well?

Stefan Zoller: We're going to win hopefully - that's the first target. For the World Cup and the Olympics altogether I assume it's 400 billion that they want to spend there. And that is in infrastrucutre, where we are very well positions in German industry.

DW-TV: Stefan Zoller. Thanks for coming in.

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