Brazilian President Jair Bolsonaro, in his first overseas speech as chief executive, told investors and world leaders in Davos, Switzerland on Tuesday that Brazil is modernizing its economy and that the country is more open than before for trade and investment. Bolsonaro delivered the speech at the annual World Economic Forum. He said, “We want to show the world that Brazil is taking steps to restore confidence, that business activities will flourish between Brazil and the world, without ideological bias, and that we are a good country to invest in, especially when it comes to agribusiness.” He added that his administration was also committed to “economic development without damaging the environment.” He said his administration was poised to deliver needed structural reforms, including a pension overhaul that will help fight down chronic government deficits. He said his administration was committed to fighting corruption while acting within democratic norms. He promised to honor judicial guarantees for foreign investors and said his administration will promote trade liberalization measures. Bolsonaro was accompanied by top aides, including Economy Minister Paulo Guedes, Foreign Minister Ernesto Araujo and Justice Minister Sergio Moro.
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