The United States Chamber of Commerce will seek a deeper and more productive dialog with Brazil under the country’s new Acting President Michel Temer, the Chamber said in a letter to Temer on Wednesday. Chamber of Commerce President Thomas J. Donohue extolled the new administration’s openness to private investment, saying it could serve as “a stimulus for sustained Brazilian development.” A deeper dialog could lead to broader participation by foreign investors in areas such as infrastructure projects and oil and gas development, according to the Chamber. It might also help to reduce red tape, unnecessary regulation and resolve issues such as double taxation. In an interview with Brazil’s Globo news organization, Brazil-U.S. Business Council Executive-Director Cassia Carvalho said, “Signals and actions that guarantee stability and a return to growth could lead to a rapid return of investment.” The U.S. Chamber will seek to enhance such a dialog through a Brazil visit by a Chamber delegation, possibly within the next month.
Link to Globo news agency articleMore Testimonials