King Juan Carlos visits Brazil to strengthen business ties

King Juan Carlos meets Dilma Rousseff
The King and Brazilian President Rousseff

Spain’s King Juan Carlos is in Brazil this week to assure Brazilian President Dilma Rousseff that Spanish businesses are prepared to invest in the country .

The monarch reaffirmed Spain’s business commitment to Brazil during a lunch at Itamaraty Palace, the seat of the Brazilian Foreign Ministry.

In response to the king’s comments, Rousseff confirmed her country’s support for expanding and diversifying Hispano-Brazilian business relations. She also expressed her confidence in the Spanish people in the face of very difficult economic times and said she was certain that Spain would be successful in overcoming the crisis.

There was no mention of the controversy surrounding Argentina and YPF’s expropriation of Repsol.

Walking with the aid of a crutch on his first trip abroad since his hip operation, the king arrived in Brazil accompanied by about 20 Spanish businessmen, including the presidents of Banco Santander, Repsol, Telefonica, Iberdrola, Indra and Iberia.

The King was received at the presidential palace by Rousseff and later they met in private along with their foreign ministers, and the Brazilian heads of the Finance and Education Ministries.

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