Brazil’s government is changing the rules to give foreign companies an equal shot at winning government contracts, the Economy Ministry said on Monday. Economy Minister Paulo Guedes has pledged to fight corruption and open up one of the world’s most protected countries to foreign business and the overseas investment necessary to modernize Brazil’s crumbling infrastructure.
President Jair Bolsonaro and Economy Minister Paulo Guedes want to strengthen trade relations with China. Guedes said the creation of a free trade area between the two countries is under negotiation.
Brazilian President Jair Bolsonaro's government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.
Brazilian President Jair Bolsonaro will try to build momentum for his government's market-friendly reforms on Tuesday, proposing new measures to tackle a budget deficit that are likely to be met with skepticism among lawmakers.
Brazil's Senate on Tuesday gave final approval to a landmark reform of the country's social security system, in a step seen as key to stabilizing public finances and the economy. The text was approved by a vote of 60-19.
Brazil’s Economy Minister Paulo Guedes has canceled a trip to the International Monetary Fund’s annual meeting (IMF) in Washington, to deal with his economic agenda, the ministry said on Wednesday, as the government’s pension reform plan winds its way through Congress.
Brazilian Minister of Economy, Paulo Guedes, signed a resolution on Monday raising the limit of purchases in duty-free shops from US$ 500 to US$ 1,000. The new value for purchases from foreign and domestic airports and border free shops, starts January 1, 2020.
Brazilian President Jair Bolsonaro telephoned Economy Minister Paulo Guedes from hospital this week to express his opposition to the creation of a new “CPMF” financial transactions tax, Guedes said on Friday.
A Brazilian government minister said French first lady Brigitte Macron was “truly ugly” on Thursday, only days after the country's president appeared to endorse an attack on her appearance. Brazil's economy minister Paulo Guedes said he agreed with President Jair Bolsonaro's comments about Macron's looks.
Brazil’s Senate constitutional affairs committee on Wednesday approved by a vote of 18-7 a bill that would overhaul the social security system and save the federal government about 1 trillion reais (US$243 billion) over the next decade.