Home NEWS BRAZIL NEWS Brazil’s economy recovery is “very important” — BrazilGovNews

Brazil’s economy recovery is “very important” — BrazilGovNews

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Temer and the WTO Director-General discussed the resumption of the economy, trade liberalisation and the multilateral trading system


published:
Mar 12, 2018 12:00 AM


last modified:
Mar 12, 2018 09:48 PM

                                                                                                                                                                                                         Marcos Corrêa/PR

The Director-General of the World Trade Organization (WTO), Roberto Azevêdo, said on Monday that the entity and the international community have seen the recovery of the Brazilian economy as a “very important” development. He also reported that the organisation is likely to revise its forecasts for Brazil upwards.

“The recovery of the Brazilian economy is a very important thing, and well received by the world,” Azevêdo said in an interview. During a meeting with President Michel Temer in the Presidential Palace, the two discussed the resumption of the country’s economy, its recent movements towards trade openness and the Brazilian commitment to maintain this position and defend the multilateral trading system.

According to Azevêdo, the economy and global trade are still recovering. “There are geopolitical risks, risks of protectionist measures and trade wars. However, if none of this occurs, we are in the process of resuming economic and trade growth in a very positive manner,” he argued.

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