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:

You May Also Like

Brazil Seeks International Pacts to Fight Corruption

By the end of 2006, the Brazilian government intends to negotiate and sign judicial ...

US’s HRF Gives Brazilian Woman Human Rights Award for Fighting Death Squads

Sandra Carvalho, a lawyer, sociologist and director of the non-governmental organization Global Justice, is ...

Brazil Takes Best Horses and Riders to Dubai

Brazil is going to participate in the Equestrian World Endurance Championship, to take place ...

Brazil One of the First to Recover from Global Crisis, Says Minister

According to Brazilian Finance minister, Guido Mantega. Brazil is not facing fiscal troubles and ...

Brazil’s Gol Next Flight: Uruguay

Brazilian no-frills airline Gol will be flying to Uruguay and Paraguay beginning in the ...

Brazilian Bank Lends US$ 265 Million for Sugarcane Plastic

Brazilian petrochemical company Braskem will receive financing of 555.6 million Brazilian reais (US$ 265 ...

Brazil Company Linked to the Clintons Has Hundreds of Slave-Like Workers

Seventeen Brazilian workers hired by Brenco, a biofuel company in which former American president ...

Brazilians Run to US Grows Dramatically at Eve of Mexico’s New Visa Rules

Brazilians eager for jobs and new opportunities in the United States have been heading ...

Brazil and US Join Forces to Fight Terror and Piracy

Brazil and the United States will be able to expedite actions to prevent, investigate, ...

US and EU Are the Past. The Future is Brazil and BRIC

The government of Brazil will be hosting the first-ever conference to bring together the ...