Paulo Guedes, Brazil's economics minister, was in Paris as part of his country's OECD admission and stressed on the norms and principles of Western democracies that Brazil adheres to. an effective tool for influencing the inclusion of Brazil in this exclusive group of democratic nations.
In the event that you do not assist us, we will be forced to find another location. Minister of the Economy Paulo Guedes, who travelled to Paris to meet with OECD officials to defend Brazil's membership in the organisation, displayed strength in his defence of the country's membership.
"We are a democratic society," he said, citing the ideals and principles of democracy. Current President Jair Bolsonaro is running for re-election this autumn against former President Lula da Silva, who is now leading in the polls (43 percent to 26 percent) in a struggle that will pit the extremes of the right and left in Brazil against one another. It was pointed out by Paulo Guedes that Brazil is the only one of the BRICS countries to have voted twice against Russia's aggression in Ukraine at the United Nations.
Liberal democracies as well as Western civilisation are in decline, since the GDP of the seven major rising countries is greater than that of the G7 industrialised nations. Fast-moving nations in the developing world As a consequence, he emphasised during a press conference on Tuesday at the Brazilian Embassy that a Brazil closer to the OECD nations should be acknowledged "at its genuine worth."
According to a person acquainted with the subject, "We all have an interest in tying Brazil to the OECD as swiftly as feasible." Despite the fact that it will take some time due to the many processes that must be completed.
Meeting with the OECD Secretary-General, Mathias Cormann, member representatives, and secretariat directors on March 29-30 to discuss the next stages in the process of Brazil's admission to the organisation and reinforce commitment was Brazil's Minister of Economy, Paulo Guedes.
Since 1998, the South American nation has maintained a strong relationship with the Organization, which designated it as an important partner in 2007. The nation formally applied for full integration in 2017. An official start to the accession process was made in January of this year.
Technical committees from the Organization will examine Brazil's health, work, taxes, battle against global warming, currency rates, and other policies in a wide range of areas. It is expected that these findings would be revealed at the next OECD ministerial conference in June. A first memorandum on Brazil's political behaviour in response to OECD guidelines would be presented "probably in July," according to the Brazilian minister's entourage. Second-semester work on becoming a member will begin soon.
There are a lot of topics to choose from. Taxes are a good place to start. When it comes to transfer pricing difficulties, Brazil's system is a far way from the OECD's best practises. The OECD has been working with us for four years to bring to a consensus. After the early October presidential elections, a measure addressing this issue is likely. In the same way, the Brazilian government is attempting to implement the OECD's VAT recommendations.
The Brazilian Minister of Environment, who has been widely criticised for his country's environmental policies, says that Brazil aims to participate in the worldwide effort to combat global warming and deforestation. COP 26 in Glasgow also saw the government increase its pledges. A carbon market, a carbon tax, and a system of payments for environmental services are all being considered by the Brazilian government, which, among other things, would compensate farmers whose efforts contribute to the restoration or maintenance of ecosystems.
Asserting that the government has quadrupled its funding to combat illicit deforestation, Paulo Guedes tells the crowd.
"We want to be a part of the OECD's efforts to combat climate change. The minister reassured them, "We don't want to be a problem." Brazil's green economy was applauded by the latter, who lauded the country's investment in the sector. Within a few years, we've gone from 0% to 15% of our energy coming from wind turbines, solar panels, or hydraulics; this is an incredible achievement. In line with OECD standards, we aim to be a leading actor in the transition to a low-carbon economy with 75% of our energy coming from renewable sources. Brazil's entrance into the exclusive club of OECD members is clearly not a problem for the Minister.