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Montevideo, July 21st 2019 - 13:02 UTC

 

 

Bolsonaro wants trade to represent 30% of Brazil's GDP y 2022

Friday, March 22nd 2019 - 09:06 UTC
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The foreign trade secretary defended the idea that “Brazil’s economy needs to be exposed to more competition” to ensure lasting growth. The foreign trade secretary defended the idea that “Brazil’s economy needs to be exposed to more competition” to ensure lasting growth.
“Trade police cannot be separated from economic policy,” Troyjo said. “Every big economic miracle of the past 75 years has had these two components in their DNA.” “Trade police cannot be separated from economic policy,” Troyjo said. “Every big economic miracle of the past 75 years has had these two components in their DNA.”

The Brazilian government wants trade to represent 30% of the country’s gross domestic product by the end of 2022, with one official saying on Wednesday it will get there on the back of President Jair Bolsonaro’s liberalization plans.

Marcos Troyjo, the government’s foreign trade secretary, said at a seminar in Sao Paulo that Bolsonaro’s government will work ceaselessly to close international trade agreements while also pushing economic reforms through Congress.

“Trade police cannot be separated from economic policy,” Troyjo said. “Every big economic miracle of the past 75 years has had these two components in their DNA.” 

The secretary defended the idea that “Brazil’s economy needs to be exposed to more competition” to ensure lasting growth.

According to the International Monetary Fund, Brazil’s trade flows, including exports and imports, average around 25% of its GDP, which makes the country one of the least open among the G20 group of the world’s most industrialized nations.

Categories: Economy, Politics, Brazil.

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  • :o))

    REF: “Bolsonaro wants.......................................................”

    I too want to be the King of England!

    Mar 22nd, 2019 - 01:04 pm 0
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