Central Bank Chief Optimistic About Brazil’s Export Outlook

Brazil is increasing its real share of global exports, and the increase is not being driven solely by commodities, the president of the Central Bank, Henrique Meirelles, affirmed Monday, May 29.

According to Meirelles, the trend is positive for exports in general, including industrial goods. In the 12-month period ending in April, exports rose 19%, while exports of manufactured items rose 17.3%.

"Brazil is increasing its share of global exports. There is no question that all countries benefit from a growth in international trade, but Brazil is increasing its export share," he pointed out.

According to Meirelles, this trend reflects the Brazilian economy’s greater competitive capacity engendered by the country’s increased stability.

"Today Brazil has a stabler economy, so there is no longer an expectation that it will be affected, as in the past, by periodic crises with major impacts. This is enabling Brazil to become more and more competitive," he observed.

The Brazilian minister added that a growing number of exporters believe that inflation in Brazil will be on target, making it possible to plan over a longer term.

Agência Brasil

Tags:

Ads

You May Also Like

Brazil's poultry cooperative Aurora

The Good Life of a Brazilian Chicken While Search Goes on for Super Bird

It eats little and gains weight quickly, it has large breasts and legs, is ...

Industry Leaders Hand Lula Minimal Agenda to Avoid Brazil’s Paralysis

Brazil’s National Confederation of Industry (CNI) delivered a proposal it calls a “minimal work ...

Egypt Wants to Know What Makes Brazil’s Zero Hunger Tick

Ali El-Sayed Al-Moselhi, the Egyptian minister of Social Solidarity, is in Brazil to get ...

Brazil Offers Farmers Low-Interest Loans to Fight Soybean Rust

The Bank of Brazil (BB) opened an emergency credit line of US$ 85 million ...

Manaus Free Zone Gets a Lift, But Rest of Brazil Lags

The new cargo terminal at Eduardo Gomes International Airport in Manaus, capital of the ...

In Brazil, a Culture of Violence Sees Wife-Beating as No Big Deal

“In Brazil a woman gets hit or beaten up every 15 seconds. As long ...

Brazil’s Agribusiness GDP Falls 6% in Three Years

In the last three years the Gross Domestic Product (GDP) of Brazil’s agribusiness sector ...

The Reluctant Guru

The story of Vamberto Morais, an MD from Recife, state of Pernambuco, who went ...

4.4 Million Brazilians Are in College, a 27% Jump

According to a new study, the Gains of Education on the Labor Market, higher ...

Brazil Hoping a Brazilian Will Be Next WTO’s Chief

The Brazilian candidate for the post of director-general of the World Trade Organization (WTO) ...