Paulo Guedes accuses Belgium and France of delaying Brazil’s accession to the Organization for Economic Co-operation and Development
Economy minister argues countries seek to protect their own agriculture, says Brazil’s GDP will grow higher than expected
Economy Minister, Paulo Geddestook part in a conference at the World Economic Forum in Davos, Switzerland, on Wednesday 25, and accused France and Belgium of delaying Brazil’s accession to the Organization for Economic Cooperation and Development (OECD) due to protectionism in the agricultural sector of these countries. “The Belgium France is delaying Brazil’s access to the OECD because they protect agriculture. And in their conversation, we told them: accept us before they are no longer tied to us,” he said.
A member of Bolsonaro’s cabinet took the opportunity to say that France It has become irrelevant to the Brazilian economy in recent years. For example, the minister explained that at the beginning of the century, France and China 2 billion USD traded with Brazil. At present, the agreements with China amount to 120 billion dollars, while with France they amount to 7 billion dollars. I told the Europeans that they had lost Russia and now they were going to lose Latin America. And they will be alone with themselves if they don’t understand that they have to fit in with those who are left behind,” he said.
Guedes also commented on the possibility of Brazil Economic growth more than expected. According to the economist, Brazil’s GDP will grow by 2% – a figure higher than what was forecast by the economic team, which forecast a growth of 1.5% in 2022. The minister also noted that Brazil has a growth potential greater than that which has been developed. She pointed out that inflation will decrease in the coming months. He said: “While the economy was growing, instead of growing at 7%, 8%, we’ve gone over the curve, so we’ll get rid of inflation before advanced economies, and we’ll grow more than the advanced economies”. Economy Minister.