- World Economic Forum on Latin America kicks off in Sao Paulo
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World Economic Forum on Latin America kicks off in Sao Paulo

Last update: 14/03/2018
RIO DE JANEIRO, March 14 (BERNAMA-NNN-Xinhua) -- The World Economic Forum on Latin America kicked off in Brazil's largest city Sao Paulo, drawing hundreds of leaders to discuss the future of the region and new paths of economic growth.

The theme of the two-day meeting, a regional version of the World Economic Forum which is held every year in Davos, Switzerland, is "Latin America at a Turning Point: Shaping the New Narrative." Subjects including controversial U.S. tariff policy, fake news and online defamation -- a highly relevant matter to the upcoming Brazilian general elections, sexual harassment in the workplace, gender parity, new industrial perspectives for Latin America, and globalization will be discussed during the meeting.

The recent decision of U.S. President Donald Trump to slap 25-percent tariffs on steel imports and 10-percent tariffs on aluminum imports has caused an uproar in global markets and will significantly affect Brazil, so the country has publicly expressed concerns about the move and is reportedly considering taking the matter to international arbitration.

Sao Paulo State Governor Geraldo Alckmin supports free trade and has criticized protectionist measures at the opening ceremony on Tuesday.

"We defend open trade which benefits society, improve competitiveness, productivity and provides opportunities. So it is evident that we cannot agree with protectionist measures," he said.....


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