Compared to the previous study, conducted in 2013, Brazil fell three places (Cristiano Mariz / SEE)
Brazil is the country's most closed among the members of the G20, a group that brings together the major developed countries and emerging major, according to study by the International Chamber of Commerce (ICC) published on Thursday. The index evaluates 75 countries, classified on a scale of 1 to 6, based on four factors: trade liberalization, trade policy, openness to foreign investment and infrastructure for trade. With 2.3 points, Brazil ranked in 70th position among the 75 nations.
Compared to the previous study, conducted in 2013, Brazil fell three places, although it has improved the score by 0.1 percentage point. In the current survey, the country is equal in points to African countries like Uganda, Kenya and Nigeria, and Latin America such as Venezuela and Argentina. Brazil is also the behind all BRIC: Russia figure in 57th place, India appears in 63, China at 59, and South Africa in 50th.
Among G20 members Germany is the only part of the group of the 20 most open economies in 19th place. At the top of the survey, are Singapore, Hong Kong and Luxembourg.
Interest - At the G20 meeting in Ankara, Turkey, an effort of developing countries to characterize possible rises in interest rates in developed countries as a serious risk for the global economy was rejected. The information was given to reporters by a source from the Russian delegation.
"Some emerging countries wanted to fix a position," the source said, when asked if the expected rise in interest rates by the Federal Reserve, the US central bank, would be in the G20 statement. "One of the most extreme drafts said that this was the greatest threat to the world economy. It was buried once and forever," the source said.
Second sentence of draft document obtained by the newspaper Valor Econômico, the tightening of monetary policy is likely to occur in "some advanced economies, which may continue to be a major source of uncertainty in the financial market." According to the Russian source, the statement will change the tone and mention monetary policy changes in general, without referring to specific countries.
(From the Newsroom)
