This year, the United States is celebrating an important milestone in international affairs — the bicentennial of diplomatic relations with Brazil. A resource-rich nation with a population of more than 200 million, Brazil is an important country economically and, naturally, its companies have a significant presence on the New York Stock Exchange.
I recently had the opportunity to visit Brazil ahead of this anniversary, as well as travel to Argentina, which celebrated its 200th year of diplomatic relations with the U.S. in 2023. With a renewed commitment to free markets, Argentina is another important nation in the region, one whose companies are also valued members of our NYSE community.
In fact, Brazil and Argentina each rank within the top five nations, outside of the U.S., with the greatest number of NYSE-listed companies. During my trip, I had the opportunity to meet with more than 25 NYSE listed-company CEOs, representing over half a trillion dollars in combined market value, to understand firsthand how these two nations are approaching the challenges and opportunities inherent in our modern, global economy.
Based on my conversations with government officials and listed-company executives, I continue to be excited about Brazil’s direction and am following with great interest developments out of Buenos Aires, as the new government works to stabilize and grow its economy.
On regional economics, it has been interesting to watch the Brazilian economy in recent years become increasingly led by agriculture, which today accounts for about 25% of its GDP. This, incidentally, is a sector ICE supports energetically through our commodities futures markets, where we facilitate the trading of regionally important items like coffee and sugar.
My interest in Brazil, Argentina and other Latin American economies is far more than academic. The NYSE is a champion of global commerce, so visits like this one allow us to better understand where opportunities lie for global investors and companies. Interest in the region is very real. For example, nearly half of the NYSE’s most actively traded companies hail from Brazil.
This spring, we plan to continue hosting representatives from important global economies at the NYSE’s home at 11 Wall Street, and look forward to further strengthening our relationships with Argentina and Brazil, building on our more than two centuries of diplomatic relations.
https://lnkd.in/eev8y8NY
Head of Finance | Board | Strategic and Financial Planning | Investor Relations | Portfolio Analysis, New Business Development
1ySensacional Nico! Obrigada a vocês e todo time de Nyse. Abs