March 9, 2015     

 

A memorandum of understanding involving Investe São Paulo, the City of Toronto's Economic Development and Culture Division and Invest Toronto was finalized today.

 

"This memorandum of understanding between Investe São Paulo, Invest Toronto and the City of Toronto will enhance and expand the business relationships between these two cities, which are respectively the financial centres of their countries," said Councillor Michael Thompson, (Ward 37 Scarborough Centre) Chair of Invest Toronto and the City's Economic Development Committee. "This agreement outlines the sharing of information and contacts for mutual benefit and for a greater understanding of the business potential in each region."

 

The agreement states that each organization will identify industries and companies from their regions that may have an interest in conducting business in São Paulo or Toronto.

 

Each organization will also share business information and economic data that will assist in attracting investment to both regions. Additional areas of mutual cooperation are identified and outlined in the agreement.

 

“This memorandum of understanding is only the beginning of a long partnership which shall be of great profit for Brazilian and Canadian companies. We may now deepen our knowledge about these markets and identify new business opportunities,” said Sérgio Costa, Director of Investe São Paulo.

 

This agreement was originally presented at a meeting in São Paulo attended by Councillor Thompson and Councillor Ana Bailão. More information on this meeting is available at http://bit.ly/1FzN9HY.

 

Investe São Paulo is the investment promotion agency of the State of São Paulo. More information about Investe São Paulo is available at http://bit.ly/1CVudGb.

 

More information about how the City helps business is available at http://www.toronto.ca/business. 

 

This news release is also available on the City's website: http://bit.ly/1F3zpY2

 

Toronto is Canada's largest city, the fourth largest in North America, and home to a diverse population of about 2.8 million people. It is a global centre for business, finance, arts and culture and is consistently ranked one of the world's most livable cities. Toronto is proud to be the Host City for the 2015 Pan American and Parapan American Games. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can visit http://www.toronto.ca, call 311, 24 hours a day, 7 days a week, or follow us @TorontoComms.

 

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Media contact: Shane Gerard, Strategic Communications, 416-397-5711, This email address is being protected from spambots. You need JavaScript enabled to view it.