Cologne - German and Brazilian industry leaders launched a business conference Monday against the backdrop of rapidly growing economic ties between the two countries.
"German company investment in Brazil is already at a record level," said Juergen Thumann, the president of Germany's Federation of Industry (BDI).
"An investment program of about 200 billion euros (296 million dollars), a stable economy and a steady hand on the nation's finances, along with recent positive reports from rating agencies would help German investment in Brazil to increase," said Thumann on opening the conference, held in the west German city of Cologne.