Thursday, November 30, 2023

Lula launches an import substitution plan and says Brazil will become a ‘green Arabia’

The president of Brazil, Luiz Inácio Lula da Silva, confirmed this Tuesday that his country will become a world power in renewable energy in the face of climate change, as Saudi Arabia for fossil fuels with neoindustrialization of it, by announcing an ambitious program to replace it. import and expansion of the industrial complex of medicines and health supplies.

“We are building a nation,” Lula said during a speech at the Planalto Palace, when the National Strategy for the Development of the Health Industrial Economic Complex was presented together with the Minister of Health, Nisia Trindade.

Lula said that Brazil has an opportunity for a green energy transition towards industrialization with our standards against climate change and renewable energy, because The country has 60% of the territory of the Amazon and one of the largest reserves of fresh water in the world, In addition to being pleading global producer of soybeans, coffee, orange juice and processed beef.

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“Brazil will be to the world what Saudi Arabia is to fossil fuels,” said Lula, and encouraged the national industry not to have an inferiority complex compared to the powers that be.

The plan provides for state incentives of around $9 billion until 2026 so that the Unified Health System (SUS), the Brazilian public health network created in 1988 according to the British public health model, does not depend to import key products in its value chain. .

With incentives for drugs, vaccines, equipment and the health industry, it is expected that in 10 years Brazil will produce 70% of what SUS needs.

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During the ceremony, Lula commented that this type of incentives for Brazilian industry is a way to guarantee government purchases and remembers that Brazil “does not give.” at that point in the negotiation of a trade agreement between Mercosur and the European Union (EU).

The EU intends to participate in public tenders in Mercosur countries on the same terms as local companies.

In practice, SUS is the main client for everything that is done by the Economic-Industrial Complex, providing for the implementation of six programs.

The Minister of Health emphasized that one of the goals is to quadruple the national production of the vaccine.

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Lula emphasized the predictability of the government and called for dialogue with the opposition in Congress.

“We are not going to make any strange economic measures, we want predictability,” he pointed out.

The president added that Brazil with its industry in the health area can participate in exports destined for Latin America and Africa.

Nation World News Desk
Nation World News Desk
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