moderate tone
Vice met with representatives of the SinoBrazilian Highlevel Concertation and Cooperation Commission
Estao Content 02/15/2023 14:05 Updated 3 hours ago
VicePresidentelect Geraldo Alckmin (PSB) at the CCBB in Brasília (Photo: Fabio RodriguesPozzebom/ Agência Brasil)
Under pressure from the PT on the central bank to cut the Selic rate from the current 13.75%, Vice President of the Republic and Minister for Development, Industry, Trade and Services Geraldo Alckmin, of the government’s moderate wing, said Wednesday ( 15) that lowering interest rates in the country is “very important” to attract investment and grow the economy.
“Brazil, which was isolated, is becoming a very important player in the world economy. Latin America, United States, China, European Union, Africa. We have 2% of world GDP, 98% of trade is outside of Brazil. We must seize every opportunity to create jobs, grow the economy and lower interest rates. This is very important to attract more investment and let the economy grow more,” Alckmin said at Itamaraty Palace, the seat of the Foreign Ministry.
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The statement was made to the press after a preparatory meeting for President Luiz Inácio Lula da Silva’s planned visit to China in March. Alckmin met with representatives of the SinoBrazilian High Level Concertation and Cooperation Commission (Cosban).
“China is Brazil’s largest trading partner, valued at $150 billion, and we intend to grow it even more,” the vice president said. “The goal is to attract more investment,” he added, referring to ChinaUS bilateral relations.
Alckmin also stated that he had no information on the federal government’s intention to nominate former President Dilma Rousseff (PT) for the presidency of the Banco dos Brics, as revealed by Folha de S. Paulo.