Brazil’s Vice-President and Minister of Defense, José Alencar, claimed yesterday that Brazilian companies that produce defense equipment and technology need to be more competitive domestically and internationally.

    According to Alencar, the sector’s exports, which once attained US$ 2 billion, presently do not exceed US$ 400 million.


    Alencar, who was in Rio de Janeiro to open the 5th edition of the Latin American Aero and Defense Exposition (LAAD 2005), recalled that the national policy for the defense industry is intended to encourage competitiveness among firms and reduce market distortions.


    “There will be no shortage of funds, and the incentives will be substantial, reaching all the industries that are engaged in the project.”


    Alencar called for the diminution of external dependence upon products considered strategic for the country. In his view, despite the traditional pacifism of the Brazilian character, mastery of new technologies in the sector represents a guarantee of sovereignty.


    The LAAD 2005 is regarded as the most important event for the Armed Forces and defense industries of Latin America.


    This year, approximately 50 official delegations from various countries will participate in the event, as well as 300 companies that have come from 24 countries to exhibit their products. The LAAD 2005 ends on Friday, April 29.


    Agência Brasil

    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    Your email address will not be published.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 street reserved for camelôs, street vendors, in Brazil

    Brazil: More than Half of Sí£o Paulo Population Buys Pirated Products

    Music, film and publishing industries from around the world lose billions of dollars annually ...

    São Paulo aircraft carrier

    Brazil Is Too Good of a Target to Be Without the A-Bomb

    Brazil should develop the technological capacity to manufacture nuclear weapons, one of the country’s ...

    Not for sale girl

    Brazil Hosts World Congress to Fight Child Sex and Pornography

    Brazil will host the World Congress against sexual exploitation of children and Adolescents in ...

    Lula’s Popularity and Interests Fall, But Brazil Stock Hits Record High

    Latin America collectively moved higher on the day, with Brazilian and Mexican markets hitting ...

    The Killing Season

    There has been a wave of violence against indigenous peoples  in the latest weeks ...

    Lula in a Hurry to Set Up a Mercosur Parliament

    During the 28th Mercosur Summit Meeting, Brazil, Argentina, Paraguay, and Uruguay discussed the constitution ...

    Dilma dressed in soccer jersey

    Dilma Rousseff, Lula’s Pick for President, Takes 5% Lead in Polls

    According to a new poll, Brazil’s incumbent candidate Dilma Rousseff took the lead in ...

    Brazil and Argentina Unite to Counter US Soy Prices

    Joint soy production between Brazil and Argentina is greater than that produced by the ...

    José Riva

    Brazil Judge Forbids Two Bloggers From Reporting on Justice’s Fraud Case

    Enock Cavalcanti and Adriana Vandoni two bloggers, from Mato Grosso state, in the Brazilian ...