Lula: Protectionism reinforces the need for BRICS integration

by Andrea
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The President of the Republic, Luiz Inacio Lula da Silva (PT), said that the “protectionist climbing” reinforces the need for economic integration of the countries of. He also stated that the Brazilian presidency of the bloc is committed to the development of payment platforms and other barriers overcoming measures to the group’s cooperation.

Lula made the statements in a speech at the opening of the Brics Sherpas meeting in Brasilia on Wednesday, February 26.

“The current protectionist climbing in the area of ​​commerce and investment reinforces the importance of measures that seek to overcome the obstacles to our economic integration. Increasing payment options means reducing vulnerability and costs. The Brazilian presidency is committed to the development of completely voluntary, affordable, transparent and safe payment platforms, ”said the Brazilian president.

Lula: Protectionism reinforces the need for BRICS integration

And said Lula: “Given the speed with which the industry has been changing, they will be among our priorities deepen the partnership to the new industrial revolution and promote the necessary update of the BRICS economic partnership to 2030. We need solutions that diversify and add value to the production of developing countries.”

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