Brazil Makes Administrative Changes to Foreign Trade Chamber
Brazil modified the administrative structure of the Ministry of Economy’s Foreign Trade Chamber to prioritize trade policy and “de-bureaucratise day-to-day decisions with an impact on trade,” the Hong Kong Trade Development Center said in an Oct. 14 report. Among the…
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changes is the addition of a “consultative council” representing Brazil’s private sector, the report said. The changes could lead to an effort “to pursue trade liberalising measures in Brazil” because of the ministry’s tendency toward market liberalization measures, HKTDC said. But there is also a belief that the creation of additional committees within the chamber “could slow down the overall decision-making process.”