As the eighth largest economy in the world and both a G20 and BRICs member, Brazil plays an important role in the international community. The country’s macroeconomic situation is stable, with growing domestic consumption and investment. Nevertheless, issues related to poverty and economic inequalities remain. Also, key trade issues such as its trade diversification strategy and dependence on commodity-based exports remain. The government is trying to maintain a sustainable growth rate and strengthen the country’s fiscal policy while also containing the risk of inflation.
On the investment side, Brazil is promoting particularly on investments in transport infrastructure, energy, aeronautics, and other technology-intensive sectors as well as in education and research. In this context, ITC continues to coordinate its work in the country through the country’s leading Trade Support Institutions and aims to work both at the national and state levels, giving more priority to the SME integration into regional and global value chains.