Bolsonaro Pledges To Put Brazil On List Of 50 Best-for-Business States Within 4 Years

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Bolsonaro Pledges to Put Brazil on List of 50 Best-for-Business States Within 4 Years

The new Brazilian government is committed to opening up the country's economy and intends to make sure that Brazil is one of the 50 countries in the world that are best for doing business within four years, President of Brazil Jair Bolsonaro said Tuesday at the World Economic Forum in Davos

MOSCOW (UrduPoint News / Sputnik - 22nd January, 2019) The new Brazilian government is committed to opening up the country's economy and intends to make sure that Brazil is one of the 50 countries in the world that are best for doing business within four years, President of Brazil Jair Bolsonaro said Tuesday at the World Economic Forum in Davos.

"Brazil's economy is still relatively closed to foreign trade, and to change that situation, is one of my administration's major commitments. You can be sure that by the end of my term in office, our economic team led by Minister of Finance Paulo Guedes will position Brazil in the ranking of the 50 best countries in the world to do business," Bolsonaro, who assumed office on January 1 for a term of four years, said.

Brazil was ranked 109th in the latest edition of Doing Business project.

"We will invest heavily in safety and security so that you can comfortably come and visit us with you families. After all, Brazil is one of the very first countries, when it comes to natural beauty, but we are currently not among the most visited," Bolsonaro said.

The Brazilian president stressed that his government's plan was to "harmonize" economic development and preservation of the country's environment.