President Dilma Rousseff said in a letter to investors that one of the main priorities of her second term will be to put Brazil's fiscal accounts in order, sending a strong message that her administration will adopt more market-friendly policies.
In early March Mercosur will have readied its proposal to liberate trade to be presented to the European Union, the basis for a wide-ranging cooperation and trade agreement between the two blocks, announced Rubens Barbosa, head of the Trade Council from the Sao Paulo State Industries Federation, FIESP.
Speaking for a Brazilian business association in Sao Paulo, Rubén Barbosa accused the government of Argentina of dealing a ‘mortal blow’ to Mercosur, the regional grouping that was originally focused on economic integration and has since become a political forum for the region’s leaders as was again evident during the last summit in Montevideo.
Brazilian corporations with strong interests in Venezuela have expressed concern about the future of the country and its impact on Mercosur if the political transition, because of President Hugo Chavez health condition, does not follow the constitutional process