Tag: Fernando Pimentel
Fernando PimentelBrazilian Real falls to a new three-year low, “positive” for exporters says minister
The Brazilian Real fell to a new three-year low after briefly erasing its decline as the central bank sold currency swap contracts for the second time in three trading sessions, holding two auctions on Tuesday.
Brazil targets a dollar floor of 1.80 Reais and questions private banks attitude
Having a floor of 1.80 Real to the US dollar is no great thing, but it is a target to sustain said Brazil Development, Industry and Foreign Trade minister Fernando Pimentel referring to the latest announcements to promote Brazilian industry battered by a strong currency and massive inflow of ‘cheap’ imports.
Automakers research and innovation must move to Brazil, ‘we have the market’ says Pimentel
Brazil has no plans to offer further incentives for automakers, but the government does not rule out taking steps to boost the competitiveness of other industries, Trade and Industry Minister Fernando Pimentel said in an interview published on Sunday.
Argentina is facing serious trade problems and Brazil “must help in a mature way”
Argentina is having serious trade problems and Brazil “in a mature way” must try and help solve them said a top official from President Dilma Rousseff administration, who anticipated he would be travelling to Buenos Aires in coming weeks.
Rousseff administration will promote “buy Brazilian” policy to defend industry
“As of this year Brazil will follow the US example giving a 25% margin of preference to local goods in government procurement”, said Fernando Pimentel, Minister for Development, Industry and Foreign Trade.
Mercosur/Gulf states closer to trade agreement but leaving petrochemicals for later
Brazil is eager to finalize a free trade agreement between the GCC (Gulf Cooperation Council) and the Mercosur bloc but believes the petrochemicals sector will be exempted until further study after the signing, said Brazilian Trade and Industry Minister Fernando Pimentel.
Brazil willing to wait to see how latest Argentine trade restrictions evolve
Brazil’s private sector said it would grant Argentina a “confidence vote” and would wait until the end of February before assessing the consequence of the new import restrictions imposed by the government of President Cristina Fernandez.
Argentina new imports’ restrictions come into effect; claims from Mercosur
Argentina’s controversial new import restrictions came into effect on Wednesday as part of the legislation on the trading sector which gives the government bureaucracy more powers to control and restrict imports.
For Brazil Argentina is a “good problem”, no longer a “permanent problem”
Argentina is “a good problem” for Brazil, said President Dilma Rousseff’s Foreign policy advisor Marco Aurelio Garcia ahead of another trade dispute when Argentina begins applying a new imports’ scheme that has been equally criticized by local and Brazilian manufacturers.
Brazil plans to counter Argentina’s latest imports’ measures, if they affect trade
Brazil has plans to counter the latest battery of trade restrictions which Argentina announced, if they turn out to the barriers for Brazilian exports, reported the influential Folha de Sao Paulo.
