Rousseff administration will promote “buy Brazilian” policy to defend industry

Tuesday, March 20th 2012 - 01:24 UTC

Full article 7 comments

“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. Read full article

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The Cestrian
Looks like the Argentine economy is going down the pan faster than we all thought:

http://online.wsj.com/article/BT-CO-20120319-715637.html
Mar 20th, 2012 - 09:10 am - Link - Report abuse 0
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rebeldenacion
This is how Cristina Kirchner the most corrupt president in all of South America and her cronies get into power:
www.youtube.com/watch?v=UyPC0SD0PGw
Mar 20th, 2012 - 10:54 am - Link - Report abuse 0
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ChrisR
Protectionism, which is what this is, only works in the short term until your trading partners find another market and then you are stuffed.

Given that the USA has had this nonsense in place for a while it has not done them much good, has it?
Mar 20th, 2012 - 12:27 pm - Link - Report abuse 0
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GeoffWard2
This is what happens when you cave in to your industry and cancel your order for Brasilian jets .... following being fined by the world's industrial court for 'blocking' entry to the USA of Brasilian cotton and orange juice, to 'protect' US industry.

Buying Brasilian is an easy way of 'killing two birds with one stone' - promotes home industry and cuts more US trade out of Brasil.
Mar 20th, 2012 - 08:41 pm - Link - Report abuse 0
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Retroqqq
hahaha haters

Argentina will still grow very fast this year, very good for such a lame year for the world economy, USA very little growth, EU negative growth. etc.
Mar 20th, 2012 - 11:39 pm - Link - Report abuse 0
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Think
(4) Geoff

Finally a balanced comment from you.
Are you feeling allright?
Mar 21st, 2012 - 06:59 pm - Link - Report abuse 0
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GeoffWard2
My God, Mr. Think,
after all these years I have got something right!

I am feeling ALL_RIGHT!
......... I think I must go and sit down.
Mar 21st, 2012 - 10:42 pm - Link - Report abuse 0
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