Economics
Brazil Needs Three Key Reforms to Boost Growth, Lula Aide Says
- Congress has advanced on VAT proposal, part of tax reform
- Country must seek Mercosur-EU trade agreement, OECD membership
Luiz Inacio Lula da Silva
Photographer: Andressa Anholete/BloombergThis article is for subscribers only.
Latin America’s biggest economy must embrace three crucial reforms if it’s to achieve long term sustainable growth, Persio Arida, a former central bank chief and current adviser to President-elect Luiz Inacio Lula da Silva, said Tuesday.
The first reform should aim at opening the economy, closing a trade agreement between the Mercosur trade bloc and the European Union and permanently joining the Organization for Economic Co-operation and Development, or OECD, Arida said.