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Bolsonaro embarks today for Davos, on his first international trip

With a program aimed at defending economic openness, fighting corruption and commitment to democracy, President Jair Bolsonaro leaves today at 8 pm in Davos, Switzerland, where he will participate in the World Economic Forum.

He will travel accompanied by the ministers of Economics, Paulo Guedes; of Foreign Affairs, Ernesto Araújo, and Justice and Public Security, Sergio Moro.

In its 39th edition, the World Economic Forum brings together the global political and economic elite to discuss the global environment and stimulate cooperation between governments and the private sector. In the debut of Bolsonaro abroad, the government intends to sell to businessmen and politicians the image of the Brazilian economy that is modernized, with commercial opening, legal security for external investors and structural reforms .

The president can intervene Tuesday (22) in a panel on the crisis in Venezuela and has up to 45 minutes reserved to speak in the plenary session of the forum at 11:30 on Wednesday 23, local time, 8:30 in Brasilia. Bolsonaro can also turn to the The Future of Brazil panel, scheduled for the end of the plenary session.

On Tuesday evening, the president will have a private dinner with the presidents of Colombia, Iván Duque; of Ecuador, Lenín Moreno; of Peru, Martín Vizcarra; and Costa Rica, Carlos Alvarado Quesada. The five Latin American presidents will take part in a presentation by the CEO of Microsoft, Satya Nadella.

Photo: Wilson Dias / Agência Brasil

Photo: Wilson Dias / Agência Brasil

The president should attend a working lunch on Globalization 4.0, which addresses the fourth industrial revolution provided by technology and is the theme of the World Economic Forum this year. The delegation then returned to Zurich, from where it resumed in Brasilia, arriving in the federal capital on Thursday morning (25).

Ministers will have parallel programs in Davos. Paulo Guedes has scheduled meetings with the managing director of the International Monetary Fund (IMF), Christine Lagarde, and bilateral meetings with the Director General of the World Trade Organization (WTO), Roberto Azevêdo; with the president of the Inter-American Development Bank (IDB), Luis Roberto Moreno; and with the secretary general of the International Chamber of Commerce, John Denton. The Minister of Economy will also meet US Treasury Secretary Steven Mnuchin.

Guedes also intends to meet entrepreneurs in the areas of infrastructure, logistics, energy and technology and representatives of investment funds and sovereign wealth funds. In the meetings, the minister will inform that the economic team works on a program based on four pillars: social security reform, privatization, administrative reform and commercial opening.

According to the Ministry of Economics, Guedes will announce that Brazil intends to double its investments (public and private) in research, technology and innovation in the next four years and current trade – sum of imports and exports – from 22% to 30% Gross domestic product (GDP, sum of goods and services produced in the country).

The commercial opening supported by Guedes would take place gradually, accompanied by a program of bureaucracy and tax reduction for companies that do not sacrifice Brazilian industry. The tax reduction would be financed by privatizations and reforms that will contain or reduce public spending in the coming years.

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