US Wants Less Red Tape in Brazil

The president of the American Chamber of Commerce of Rio de Janeiro, Joel Korn, says that direct investments in Brazil are for the mid- and long-term and have to be analyzed as such.

His remarks were made as the consultancy firm, A. T. Kearney, announced that Brazil has fallen from 9th to 17th place on its list of best investment destinations.


Korn said Brazil had good and bad points. He said the lack of a specific agenda for reforms was negative, but that macroeconomic management was excellent.


He also pointed out that Brazil was higher on the list than two years ago. “We cannot use the list to direct policy. What has to be done is more deregulation, less red tape and lower costs for doing business,” he declared.


With regard to income distribution which was cited as a factor that scared off investments, Korn said it would improve with reforms, economic growth and a smaller government.


“The private sector cannot continue to pay for public debt,” he said.


Korn concluded by saying that things were on track. “I am confident. I think Brazil is on course and we have to just move ahead.”


Agência Brasil
Translator: Allen Bennett

Tags:

You May Also Like

A Fair in Brazil Shows the Amazon Is Not Untouchable

Amazontech 2006, an international fair promoted in a different state of the Legal Amazon ...

Brazil’s Formal Job Market Grows 9%, but Income Shrinks

A survey has found that the number of workers in Brazil in the formal ...

Death of Neguinho do Samba Orphans Didá and Olodum, Brazil and World Now Poorer

I am the co-founder and Director of Rhythm of Hope, working in the Afro ...

A Brazilian Alternative to Neoliberalism: Solidarity

When one way of thinking dominates the world, one has the impression that nothing ...

Irresponsible and Lazy, Brazilians Like to Live Dangerously

One of the most disturbing aspects of the ongoing scandal involving allegations that Brazil’s ...

How About Some Portuguese?

Even the basic verb to be can be difficult for someone learning Portuguese since ...

Despite Claims to the Contrary Gays Are Not Endangered in Brazil

The other day a Brazilian friend asked me if I had noticed that, within ...

Brazil and Bolivia Get Back to Negotiation Table on Gas Issue

Bolivia says it is moving forward with plans to nationalize oil and natural gas ...

UN Asks Brazil’s Lula to Lead Fight Against Refugee Intolerance

The United Nations High Commissioner for Refugees, Antonio Guterres, asked president Luiz Inácio Lula ...

Brazil’s Oficina de Design Wants to Change How Furniture Is Made

The furniture hub of Arapongas, in the north of the Brazilian state of Paraná, ...