INTRODUCTION: President Joao Baptista de Oliveira Figueiredo of Brazil arrived in Paris on Wednesday (28 January) to begin a five-day official visit to France.
TV President Giscard presents ministers, military officers and officials to President Figueiredo
CU Painting on wall
SV President Giscard speaking in French
SIDE VIEW President Figueiredo speaking in Portuguese
SV President Giscard applauds, two Presidents walk away
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Background: INTRODUCTION: President Joao Baptista de Oliveira Figueiredo of Brazil arrived in Paris on Wednesday (28 January) to begin a five-day official visit to France. He has brought with him his Finance, Planning and Mines and Energy Ministers; and much of the visit will be taken up with discussing prospects for French financial credits for Brazil, and French investment in Brazilian industry.
SYNOPSIS: President Valery Giscard d'Estaing was at Orly airport in Paris to welcome his gusts. President Figueiredo is returning the visit that President Giscard paid to Brazil in October 1978. Their economic talks in Paris are the main purpose of the visit; but President Figueiredo will also have time, during the five days he is spending in France, to go to the south-east,to visit the Tricastin nuclear power centre, and to the west, to the cavalry school at Saumur, on the river Loire. President Figueiredo is a former cavalry officer himself, and was an army general before he was elected to office two years ago.
President Giscard, in his speech of welcome, spoke of Brazil as the country of the future. Brazil is already France's most important trading partner in Latin America; but France ranks only seventh among those trading with Brazil, and sixth in terms of foreign investment there. Both countries have an interest in increasing this trade and investment.
President Figueiredo, for his part, is under pressure from the International Monetary Fund because of Brazil's huge foreign debt. He wants substantial credits from French suppliers and loans from French banks; and in return, is offering France a stake-in various Brazilian development projects.
From France, President Figueiredo will be going on to Portugal, the "motherland" of Brazil, from which it draws its language and much of its culture.