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WTO perceives increased market confidence in Brazilian economy

Xinhua, September 7, 2016 Adjust font size:

The Director-General of the World Trade Organization Roberto Azevedo has said that greater market confidence in the Brazilian economy was already perceptible, given the "political stability that is resuming."

Azevedo made the remarks after meeting with Brazilian President Michel Temer on Saturday on the sidelines of the G20 summit held in the eastern Chinese city of Hangzhou, according to a statement from the Brazilian government.

Temer, who took over the presidency from suspended former President Dilma Rousseff, will serve out the rest of her term until elections are held in 2018.

"This is the moment to resume growth with the measures that are being adopted by the Brazilian government," the statement quoted Azevedo as saying.

"The figures already show that markets are reacting more favorably, and the growth perspectives are getting clearer," he added.

Temer and Azevedo, who is also Brazilian, met in Hangzhou to discuss matters of interest for Brazil in the international trade arena, mainly concerning agriculture, healthcare, digital commerce and the inclusion of small and medium-sized enterprises.

Azevedo said the WTO and Brazil hoped to deepen their cooperation to allow the country to further integrate into the global economy, with a focus on growth and social development. Endi