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WTO sees more confidence in Brazilian economy

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Staff Writer | September 5, 2016
Roberto Azevedo
LatAm   Brazil is trying to return to growth

Director-general of the World Trade Organization (WTO) Roberto Azevedo said there was a perceived rise in confidence about the Brazilian economy after the impeachment of former President Dilma Rousseff.

"Political stability will return after the removal in the Senate of Dilma Rousseff and given the efficiency Michel Temer has shown as president," said Azevedo, who is a Brazilian, according to a statement released by the Brazilian government.

Following Rousseff's removal for fiscal irregularities, Azevedo emphasized that "it is the moment to return the growth with the measures being adopted by the Brazilian government. The numbers show the market is reacting in a very favorable way, with the growth perspectives being most obvious."

Temer and Azevedo met on Saturday in the eastern Chinese city of Hangzhou, ahead of a G20 summit. They discussed Brazilian interests in the international context, including agriculture, sanitary regulations, digital trade and the inclusion of small and medium-sized enterprises (SMEs).

Azevedo said the Temer government is seeking to move closer to the WTO to become better integrated with the global economy, according to the statement.

Brazil also asked WTO intervention in disputes concerning agricultural tariffs around the world, develop a unique policy for tariffs internationally, and expand e-commerce and opportunities for SMEs.


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