Brasília – The minister of Develop, Industry and Foreign Trade, Miguel Jorge, said today (23rd) that the appreciation of the dollar against the Brazilian currency (real) does not necessarily spell relief for Brazilian exporters. “Nobody signs contracts amidst this instability," he said, referring to the strong variations in exchange that have occurred recently.
The minister also stated that the unstable exchange rate causes damage to all of those who operate in the foreign trade area, because it makes price formation difficult. He also said that, in the case of agricultural commodities, the appreciation of the dollar is partly made up for by the reduction in prices of these products on the international market.
The statements by Miguel Jorge were made at Planalto Palace, the seat of the government of Brazil, in the capital Brasília, prior to the arrival of the king of Jordan, Abdullah II, who was welcomed by president Luiz Inácio Lula da Silva and the first lady Marisa Letícia at around noon. The monarch was accompanied by his wife, queen Rania.
*Translated by Gabriel Pomerancblum
