Scotland politics

Scots firms should target emerging markets, says Moore

Brazilian flag
Image caption Brazil is one of the world's emerging markets

Scottish companies could help pull the economy out of difficulty by targeting growth sectors overseas, according to the Scottish secretary.

During a Brazil trade mission, Michael Moore said Scotland was not punching its weight in developing economies.

On the second day of trade discussions, Aberdeenshire-based Nautronix and rig inspectors Reel Group announced plans to set up offices in Rio de Janeiro.

Mr Moore hopes to help Scottish firms sign contracts with Brazil.

A total of 25 Scottish companies are taking part in Scotland's largest ever trade mission to the country.

Brazil is seen as having one of the big four emerging economies, with growth in the same league as China and India.

The trade mission has been organised by the Scottish Council for Development and Industry.

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