Brazil is reinforcing its diplomacy’s legal and trade departments in anticipation of a major impact from a possible global situation and in this context “Mercosur is a priority, almost a sanctuary” announced Monday the Foreign Affaire ministry.
Brazilian President Dilma Rousseff pledged to raise investment in Bulgaria, her ancestral homeland, in renewable energy, aviation and the oil industry.
Brazil and the European Union must take concerted action to calm markets fearful of global contagion spreading from Europe's debt crisis, leaders from both sides said on Tuesday.
Brazilian President Dilma Rousseff had a positive meeting with FIFA general secretary Jerome Valcke on Monday to discuss the 2014 World Cup, Brazil's Sports Minister Orlando Silva said Tuesday.
European Union farmers could suffer losses ranking from one to three billion Euros if a trade agreement is finally agreed with Mercosur according to a European Commission evaluation paper on the impact.
Overly restrictive fiscal measures are unlikely to solve the European Union's debt crisis, Brazilian President Dilma Rousseff said on Monday in Brussels in the sidelines of the V strategic meeting between the European Union and Brazil.
Brazilian President Dilma Rousseff signed a bill exempting defence companies from taxes for five years. The measure is geared to prop the defence industry and reduce the share of imported equipment for the armed forces.
The Mercosur-EU trade agreement is one of several issues Brazilian president Dilma Rousseff will be addressing Monday in Brussels during the fifth Brazil-EU summit. Rousseff begins in Belgium an official visit to Europe that also includes Turkey and Bulgaria.
Brazilian President Dilma Rousseff made on Friday her strongest call yet for the central bank to continue cutting borrowing costs. At an event in Sao Paulo she said it was “inadmissible” for policy makers not to take into account the possibility of a recession and even a depression in the global economy.
Brazil’s budget surplus before interest payments narrowed in August to its lowest in nine months even as the central bank relies on fiscal policy to help fight the fastest inflation in six years.