Trento Festival of Economics

São Paulo economic and industrial hub for global development

Opportunities for Italian companies. In Brazil the first leg of the international roadshow ahead of the 21st edition of the Trento Festival

by Roberto Da Rin

San Paolo - Brasile (Adobe Stock)

4' min read

Translated by AI
Versione italiana

4' min read

Translated by AI
Versione italiana

SAN PAOLO - It is South America's most vibrant metropolis, a pole of attraction and opportunity. But São Paulo is not just a big city, it is above all a Brazilian state of great economic importance. A region capable of attracting workers, investors, students. And offer extraordinary spaces for businesses at a time when other geographical contexts in Europe and the Middle East are characterised by wars, conflicts and instability.

An important city in the history of migration to Brazil, where there are still 15 million Italian descendants. This constitutes a connection point with the strong demand for Made in Italy, a driver for bilateral activities, both commercial and industrial. These are the driving factors that led to Brazil being chosen as the first stage of the 'Road to Trento', organised abroad by Il Sole 24 Ore in view of the 21st edition of the 'Trento Economics Festival' scheduled from 20 to 24 May 2026, promoted by Il Sole 24Ore with the Province of Trento.

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At the centre of yesterday's debate was São Paulo's ability to establish itself as one of the main economic and industrial hubs globally. Describing its features, in watercolour, is Graziano Messana, president of the Italian Chamber of Commerce in São Paulo, a post renewed a few days ago for the next three years. 'Brazil is no longer just a cyclical promise of the global economy, a junction through which capital, energy and new geopolitical ambitions flow. It is not the periphery observing the centre, but a territory redrawing maps as the world changes coordinates. In this sense, São Paulo appears as an engine room: noisy, complex, but indispensable to fuel the engine of regional growth'. In this dynamic, Italia plays a far from marginal game. 'There are more than 1,100 Italian companies,' says Messana, 'rooted in the Brazilian productive fabric, they are like deep roots under fertile soil: not always visible, but essential to give stability and continuity to development'.

An analysis in line with the point of view of Paola Boromei, Chief Operating Officer of Il Sole 24Ore: 'In a global scenario that is growing but increasingly fragmented and unstable, companies can no longer act alone or read markets from a national perspective. The focus on Italia-Brazil opens a new phase of relations, where community, culture and operational tools become competitive levers'.

A significant testimony is that of Domenico Fornara, Consul General of Italy in Sao Paulo, according to whom 'the Brazilian market is rich in resources, open to innovation, with strong growth potential, and has a very complementary structure compared to the Italia market.

In the face of great opportunities, Brazil also presents some rough edges, including the cost of capital. Sara Colombo, Relationship manager Brazil at Simest, explains that 'the issue of the cost of capital in Brazil is not theoretical. It is real, and affects the choices of companies. Simest can be a truly strategic partner in this market: our role is to reduce complexity and make international growth paths sustainable, especially in markets like Brazil'.

Another testimony comes from Carlo Ruggeri, Cfo of Almaviva Experience. "Brazil and Latin America today represent a strategic axis of growth for Almaviva, thanks to the size of the market, the digitalisation path and the growing demand for advanced services."

Oscar Lenzi, a consultant for the Autonomous Province of Trento in Brazil, in the area of Santa Catarina and Paranà, presents an important insight into bilateral relations In these Brazilian states, the Trentino community has set up numerous companies in various sectors, with a particularly relevant presence in the industrial and commercial sectors. Many of these companies today contribute significantly to the import, distribution and promotion of Made in Italy products in Brazil. To give an idea, in 2025, the states of Paraná and Santa Catarina imported a total of around one billion euros worth of Made in Italy products. Yet, despite these great opportunities, there are still many spaces to be conquered in Brazil.

For Cecilia Guagnini, senior economist at Sace, 'Brazil has taken several steps towards liberalisation over time; despite this, it still remains more closed than other major economies in the region. If we consider the ratio of foreign trade to GDP as an indicator of international openness, the figure has risen from 20% in 2000 to 36% in 2024. The increase is significant, but the level remains below that of Mexico (75%), Chile (64%) and Peru (51%)'.

"I am particularly pleased that the first stage of the Road to Trento starts from Brazil, a great country that is experiencing extraordinarily significant moments of economic development," said the editor-in-chief of Sole 24 Ore, Fabio Tamburini, in connection. 'The hope,' he added, 'is that Italian companies will also seize the moment by consolidating and strengthening their presence in an increasingly important market.

The next stage of the Road to Trento will be in Hanoi, on 4 May 2026, dedicated to 'Green & Digital in manufacturing: Italian technologies for the transition in Vietnam'.

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