2024-10-25 02:00:00
Geraldo Alckmin mentions expectations of increased trade with blocs such as Mercosur, the European Union, EFTA and the United Arab Emirates
BRA50. BRAZIL (BRAZIL), 10/24/2024. – Vice President of Brazil Geraldo Alckmin (c) speaks during the G20 ministerial meeting on Trade and Investment this Thursday in Brasilia, Brazil. Brazilian Vice President Geraldo Alckmin opened the G20 trade group meeting with a call to build “fairer” trade relations that promote global economic growth. EFE/André Borges
The Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckminexpressed Brazil’s desire to expand its investment relations with China and other nations. He stressed that China positions itself as Brazil’s largest trading partner and that the country is committed to deepening this partnership to encourage mutual investment. Alckmin also commented on the absence of disputes between Brazil and other nations, underlining the good relations the country has with its international partners. He highlighted the importance of foreign trade, as Brazil represents only 1.9% of global trade GDP, which highlights the need for growth in this sector.
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The minister mentioned expectations of increased trade with blocs such as Mercosur, the European Union, EFTA and the United Arab Emirates. This expansion is seen as an opportunity to diversify and strengthen the Brazilian economy, as well as increase the country’s competitiveness on the international stage. During Brazil’s presidency of the G20, Alckmin said discussions on trade and investment were productive. However, he stressed the importance of principles that respect social and environmental development. Strengthening multilateralism and the need for a more efficient World Trade Organization, with an emphasis on a dispute settlement system that works quickly and effectively, were also discussed.
Posted by Sarah Paula
*Report produced with the help of artificial intelligence
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