Brazil proposes the creation of a CELAC business forum

CELACPresident Dilma Rousseff has proposed that the Community of Latin American and Caribbean States (CELAC) should expand its functions and seek increasing the trade relations between its member countries. According to Brazil’s president, during the EU-CELAC Summit, in June, the two blocs will discuss investment and trade opportunities.

In a speech at the CELAC Summit of Heads of State and Governments, in San Jose, Costa Rica, on Wednesday (28/01), the Brazilian president defended the creation of a CELAC business forum, with the participation of governments and companies in the region.

Rousseff pointed out that the effects of the crisis in the region were eased by the economic development model adopted that emphasized the social inclusion and the anti-cyclical policies. She defended the creation of immediate measures to boost trading activities, with a new multi-sector forum.

“I would like to propose a CELAC business forum with the participation of governments and companies. Its goal will be to develop trade, taking advantage of the many opportunities that our economies offer, stimulating the productive integration within the bloc and promoting our relations with the world. Brazil values CELAC’s role as an area of cooperation and agreement and this will be a new step towards this”, said the president.

Rousseff said that the forum would serve to address a “complex global economic environment” that she attributes to “a slow recovery of the US economy” and the stagnation in Europe and Japan, in addition to the slowing growth in China.

After the Forum China-CELAC held in Beijing, and the CELAC Summit of Heads of State and Governments in Costa Rica, the next bloc meeting this year will be the Summit EU-CELAC, in Brussels in June. According to Dilma Rousseff, the two blocs will discuss investment and trade opportunities during the occasion.