Brazil Is Losing Competition Race, Warns American Chamber of Commerce

“We are losing the race in relation to other countries” was the warning sounded yesterday, June 15, by the president of the council of the American Chamber of Commerce (Amcham), Hélio Magalhães.

Magalhães spoke during the seminar, Competitiveness Brazil, in which the challenges involved in the search for better business conditions are being debated in the Chamber of Deputies.


He pointed out that, despite the country’s recent, significant advances, the process has been slower than among the competitors.


According to Magalhães, Brazil’s share of global exports fell from 1.31% in 1995 to 1.31% in 2004. According to data from the Ministry of Development, Industry, and Foreign Trade, Brazil ranks 25th on the list of the world’s biggest exporters.


The heavy tax burden was cited by the president of the Amcham council as one of the factors detrimental to competitiveness.


Magalhães informed that in Mexico this burden is half of what it is in Brazil, adding: “We are losing foreign and domestic investments. We have a high cost that leads even Brazilian entrepreneurs to invest abroad.”


For Paulo Ferreira, who is representing the National Confederation of Industry (CNI) at the seminar, the absence of infrastructure also keeps Brazilian products from being more competitive.


This, according to the assessment made by the Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, who participated in the seminar, is one of the government’s concerns, along with reducing the fiscal burden.


The Minister informed that Brazil has been investing in ports to speed up operations and achieve lower costs.


ABr

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Your email address will not be published.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

12,000 Landless Marchers at the Door of Brasí­lia, Brazil

Twelve thousand Brazilian workers left the city of Goiânia on May 2 for the ...

Brazil Chemical Industry to Invest US$ 26 Billion in 2010

Brazil’s chemical sector investment this year may reach US$ 26 billion. The figures are ...

Brazil’s Embraer Gets News Clients But No New Workers

The world’s great recession has hit hard the aviation sector. As a result, Brazil’s ...

Improving Brazil’s Public Schools: Nine Recommendations

In the article, “The Paradox of the Good Student: Race and the Brazilian Educational ...

American Bell Micro Buys Brazil’s Net Storage

Bell Microproducts, Inc., an provider of a wide range of high technology storage products, ...

Brazil Gives Farewell Party to Pan Athletes But Nobody Comes

"Good but not perfect," that's the way Mario Vazquez Raí±a, president of the Pan ...

Brazil’s Benefit of Costlier Oil: More Sales to Arabs

The price of the WTI (West Texas Intermediate crude, a type of oil used ...

Brazil Never Had Such a Plentiful Crop: 144 Million Tons in Grains

It has been confirmed. The 2007/08 was the greatest grain and oilseed crop ever ...

Volkswagen Brazil to Close Main Plant If No Agreement Is Reached

Volkswagen has warned it will close down its main factory in Brazil if an ...

A Banner Year for Brazil’s Industry

Brazil’s Industrial Confederation (Confederação Nacional da Indústria) (CNI) has just released its latest sector ...