• Categories
  • Archives

Brazil’s Red Tape Makes It a Poor Exporter

Brazil’s Ministry of Finance has an extensive list of action plans to improve
the business climate and increase competitivity, especially in the export
sector.

According to the ministry’s secretary of International Affairs, Luiz Pereira da Silva, the essential factor in creating jobs and income while increasing production is macroeconomic stability.


Silva made his comment at a conference on competitivity sponsored by the American Chamber of Commerce (Amcham).


He went on to say that red tape was the biggest obstacle the business community complained about. Suffice it to say that on the average it takes 150 days to open a business in Brazil, and as much as 10 years to close one.


Meanwhile the Amcham president, Sergio Haberfeld, pointed out that although Brazil keeps breaking export records, its share of international commerce has actually fallen from 1.31% in 1985, to 0.98% today.


At the same time its attractiveness as a destination for direct foreign investment dropped from 9th place in 2003, to 17th place this year.


Besides the red tape, there is the cost of doing business in Brazil, said tax expert, Roberto Pasqualin, pointing to the country’s tax burden, elevated interest rates and high banking sector spreads as examples of the problem.


Agência Brasil
Translator: Allen Bennett

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Your email address will not be published.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

A castor bean plantation in Brazil

Selling Biofuel to the Rich Is Just a New Phase of Brazil Colony

Recent research on the impact of fossil fuels has contributed to making the subject ...

At OAS Bush Calls for Free Trade and Brazil for End to Subsidies

U.S. President George W. Bush told the 35th OAS General Assembly underway in Fort ...

After Husband and 3 Children Are Killed Brazil Female Chief Leads Re-occupation of Land

Guarani Indians in Mato Grosso do Sul state, Brazil, have carried out a courageous ...

Cruz e Sousa: Mystic Secret Templar

By Brazzil Magazine És o secreto e místico templário As almas, em silêncio, contemplando.1 ...

Brazilian President Tells at UN Brazil Is Ready to Help the US and Europe

Brazilian president Dilma Rousseff, on addressing UN’s 66th Assembly General, in New York, said ...

Brazilian Government to Make Drugs at the Tune of 10 Billion Units

Brazil’s Oswaldo Cruz Foundation plans to increase its production of remedies in its laboratories ...

Archaeology and Identity

Archaeology is practiced by less than 300 people in Brazil, a tiny number of ...

Accord Between Manufactures Should Stop Brazilian Invasion of Argentina

Manufacturers from Brazil and Argentina have reached a tentative agreement that will privilege the ...

Brazil Added to World’s Top Destinations for Medical Tourism

Medical Tourism is becoming a very popular concept in the United States. And, with ...

Brazil and LatAm Rush to the Rescue of Tumbling Markets and Currencies

Countries in Latin America, including Brazil, moved quickly this week to face the global ...