Sunday 24 June 2018

Brazilian dilemma

, May 15, 2013

Brazilian aircraft maker Embraer's CEO Frederico Curado poses for a photograph at Embraer headquarters in Sao Jose dos Campos, 100 km from Sao Paulo on May 14. Brazil's barriers to international trade are limiting its growth potential and could hamper a huge infrastructure push at the center of President Dilma Rousseff's industrial agenda, the head of the US Commerce Department said in a Tuesday interview. Acting Commerce Secretary Blank suggested the advantages given to Brazilian industries through import taxes and restrictions on government-led investments may even slow the development of globally competitive companies. Reuters/Nacho Doce

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