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Is Brazil's New Industrial Policy Working?

On Thursday, March 29, the Brazil Institute and the Brazil-US Business Council host a discussion with Mauro Borges Lemos on the Greater Brazil Plan.

Date & Time

Thursday
Mar. 29, 2012
10:30am – 12:30pm ET

Location

6th Floor, Woodrow Wilson Center
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Overview

On Thursday, March 29th, the Brazil Institute and the Brazil-U.S. Business Council, co-hosted a discussion of Brazil’s industrial policy with Mauro Borges Lemos, president of the Brazilian Agency for Industrial Development (ABDI). And accomplished economist and professor at the Federal University of Minas Gerais, Borges Lemos will discuss the “Greater Brazil” plan.

President Dilma Rousseff’s Greater Brazil Plan launched in August of 2011 to increase productivity and counter the recent decline of the industrial sectors participation in the country’s economy.  The new measures reduce the 20% welfare tax to zero (0%) for sectors that are sensitive to the exchange rate and international competition and which are labor intensive—such as, apparel, footwear, furniture and software.  The program’s actions range from tax breaks on exports, to the approval of the government procurement law and the strengthening of measures of commercial defense. The new industrial policy makes the National Economic and Social Development Bank (BNDES) responsible for financing innovation and investment. One of the measures establishes a R$2 billion credit line to expand the bank’s innovation portfolio.

In parternership with the Brazil - U.S. Business Council 

 

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Brazil Institute

The Brazil Institute—the only country-specific policy institution focused on Brazil in Washington—works to foster understanding of Brazil’s complex reality and to support more consequential relations between Brazilian and US institutions in all sectors. The Brazil Institute plays this role by producing independent research and programs that bridge the gap between scholarship and policy, and by serving as a crossroads for leading policymakers, scholars and private sector representatives who are committed to addressing Brazil’s challenges and opportunities.  Read more

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