Brazil’s partnerships with new consumer markets helped the country significantly alleviate the impacts of US tariffs on the country. According to the Minister of Agriculture and Livestock, Carlos Fávaro, this was a reflection of preventive work and also the public policies of the federal government aimed at helping companies and maintaining jobs.
He recalled that since the beginning of the current management, the “Feeling of President Lula” was the opening of new markets, aiming at a larger portfolio – which guaranteed, to Brazil, to redirect part of the production that, due to the 50% tariff imposed on Brazilian products, was no longer exported to the US.
“We sought the reconnection of Brazil. We opened 437 new markets in these two years and nine months. An absolute record. We have never had so many options,” said the minister to point out that government efforts continue to see the situation with the US.
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Smaller impact
“This made US tariff impact much less [do que era esperado]. Thanks to the work done preventively, and now intensified of market openings; demand and the restoration of new multilateral relations, ”added Fávaro who participated in the program Good morning, minister this Wednesday (17).
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He highlighted some of the “several bilateral agreements” recently signed with other countries; And those to be signed in order to open other large markets. This is the case of the agreement between Mercosur and the European Union which, according to the minister, is “on the verge of creating the largest economic bloc in the world.”
Fávaro cited, also among the measures that help Brazil diversify their markets, the intensification of relations with the other countries that make up BRICS; and the strengthening of relations with the Middle East and Southeast Asia.
Always Open Dialogue
The minister recalled that the government’s strategy, always open to dialogue, is true for both the external and the internal environment, in which he repeatedly hears entrepreneurs and civil society, in the search for more efficient public measures and policies.
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Fávaro explains that companies very dependent on the US market already receive “different and special treatment” from the government.
“We are attentive to ensure the survival of companies and jobs as well,” he said.
“This all minimized the impacts [do tarifaço no Brasil]but they exist. We created great alternatives, such as the $ 30 billion financing line for the most affected companies, with rather affordable interest. Had the special reintegration, the reimbursement of tax amounts paid in the export. And there was also public purchases, which were activated. The union is buying products that are no longer exported, ”he said.
