Brazil's top two economic policymakers warned on Friday that high inflation will not be tolerated. Central bank chief Alexandre Tombini and Finance Minister Guido Mantega said at separate events the government will not hesitate in taking measures to combat high inflation.
Brazilian President Dilma Rousseff said on Friday that the government intends to double per capita income by 2022, when Brazil celebrates 200 years of independence from Portugal.
The Brazilian government called this week an emergency meeting to discuss measures to curb the influx of hundreds of illegal immigrants along its northern border.
President Dilma Rousseff will make the first formal state visit by a Brazilian leader to the United States in nearly two decades, according to Reuters’ news agency. The trip allegedly will occur later this year likely in October, officials said on condition of anonymity because the White House has not yet announced the visit.
Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.
Delegations from 65 countries some of them including Defence ministers will be attending the opening on Tuesday in Rio do Janeiro of the International Defence and Security Fair, (LAAD), the largest show of military equipment in Latin America.
Brazil’s defence purchases mainly arms will be ruled by strategic priorities such as geopolitical interests and technology transfers and not only price, according to a decree published in the Official Gazette from the Union.
The logistics chaos in the Brazilian port of Santos (one of the busiest of the country) in mid March with the first shipments of a record soy crop will become even worse in May and June, according to the Jose Augusto de Castro, president of the Brazilian Association of Foreign Trade, AEB.
The administration of President Dilma Rousseff is working on the creation of a new agency which will be responsible for Brazil’s fluvial ports and terminals, waterways and locks. The ‘Hidrobras’ project is being drafted by the Ministries of Transport and Planning and will look after shipping in the fluvial system, “which is currently exploited far below its possibilities and potential”.
Brazil admitted that the trade situation with Argentina is “less than satisfactory”, given the ongoing barriers and restrictions imposed by Buenos Aires and revealed that the bilateral trade balance is now inclined in favour of its southern neighbour and Mercosur associate.