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

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