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Minister Guedes says Brazil favors the modernizing of Mercosur

“Look at the drama of Venezuela and Argentina,” Guedes said “We are liberal but not stupid,” said Brazil s Economy Minister Paulo Guedes Thursday during a virtual event where he explained that his country has no intention of leaving Mercosur, but it does want to modernize it. In line with Uruguayan President Luis Lacalle Pou s demands at the last bloc Summit, Guedes explained he favoured the reduction of the common external tariff and the modification of Mercosur s founding document, namely the Treaty of Asunción, to allow member countries to negotiate agreements unilaterally with other blocs or countries. “We are not going to leave Mercosur. We want to continue with integration but it is not working as it should. We want to modernize Mercosur,” Guedes said at a business event called Coalizao Industria. He added that within Mercosur trade has dwindled by two-thirds since the bloc s inception in 1991.

The Brazilian infrastructure minister predicts an increase in investment of $ 50 billion

Secretary Raimondo Names New Members to United States-Brazil CEO Forum

U.S. Secretary of Commerce Gina M. Raimondo met virtually today with Brazilian Minister of Economy, Paulo Guedes. During the call, Secretary Raimondo informed Minister Guedes of her recent appointment of three new private sector members to the U.S. Section of the U.S.-Brazil CEO Forum. The Secretary and Minister Guedes also discussed their mutual commitment to continue to work through the Forum and U.S.-Brazil CEO Commercial Dialogue to grow bilateral trade and investment. The three new CEO Forum appointees will join the other U.S. private sector members and the U.S. Government to coordinate, organize, and plan the activities of the U.S. Section in preparation for the 12th U.S.-Brazil CEO Forum, intended to take place in early February 2022. Secretary Raimondo and Minister Guedes also agreed that they will strive to hold an in-person meeting in Washington, D.C., also tentatively scheduled in early February 2022.

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