• Categories
  • Archives

Brazil Wants a More Competitive War Industry

Brazil’s Vice-President and Minister of Defense, José Alencar, claimed yesterday that Brazilian companies that produce defense equipment and technology need to be more competitive domestically and internationally.

According to Alencar, the sector’s exports, which once attained US$ 2 billion, presently do not exceed US$ 400 million.


Alencar, who was in Rio de Janeiro to open the 5th edition of the Latin American Aero and Defense Exposition (LAAD 2005), recalled that the national policy for the defense industry is intended to encourage competitiveness among firms and reduce market distortions.


“There will be no shortage of funds, and the incentives will be substantial, reaching all the industries that are engaged in the project.”


Alencar called for the diminution of external dependence upon products considered strategic for the country. In his view, despite the traditional pacifism of the Brazilian character, mastery of new technologies in the sector represents a guarantee of sovereignty.


The LAAD 2005 is regarded as the most important event for the Armed Forces and defense industries of Latin America.


This year, approximately 50 official delegations from various countries will participate in the event, as well as 300 companies that have come from 24 countries to exhibit their products. The LAAD 2005 ends on Friday, April 29.


Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Prosecutor-General Wants Federal Court to Deal with Lula

Brazil’s Prosecutor-General, Rodrigo Janot, delivered a document to the Supreme Court, in which he ...

Hearing the Book

CDs or Books by Keyword, Title or Author By Brazzil Magazine As the year ...

An Amazon Indian Portrait Wins Survival’s Photo Competition

Survival International, the global movement for tribal peoples’ rights, announced the 12 winning entries ...

OAS Shows Perils of Being Journalist in Brazil

In its evaluation of the situation of freedom of expression in 2004, the Office ...

State Controlled Prices in Brazil Expected to Soar

Following a series of sucessive drops in inflation expectations, the latest weekly market survey ...

How Brazil Found a Way to Rearrange the Budget Mandated by the Constitution

Promulgated in 1988, Brazil’s most recent constitution made significant advances in revenue sharing. The ...

Honored in Europe Brazil’s Lula Says Too Many Are Paying for Excesses of Very Few

Luiz Inácio Lula da Silva, the president of Brazil, in what seemed very much ...

Middle East Woos Brazilian Entrepreneurs

The negotiations between entrepreneurs from Brazil and importers and exporters from Iraq, Jordan, Lebanon, ...

Bishop Dom Cappio, Brazil’s Green Prophet of a Lost Cause

The Church has many martyrs. Some died in the first centuries for refusing to ...

The Little Guys from Brazil Who Made Big in Furniture

Training of the businessmen and investments in production and in design. These are the ...