Brazil's economics minister argued the U.S. regularly makes trade deals with countries like Venezuela and China, then criticizes other nations for doing the same.
"You have the French, the Spanish, the Americans and the Chinese are investing in Brazil. Everybody is investing in Brazil," Guedes said."Brazil now is the widest investment frontier open in the world, is a safe harbor for investments.
" President Jair Bolsonaro speaks during a press conference on International Day Against Corruption at Planalto Palace on Dec. 9, 2021 in Brasilia, Brazil.for decades as China grew into one of the strongest economies in the world and the U.S."didn’t touch" Brazil. "When Nixon and Kissinger touched China, they could have touched Brazil, for instance, and Latin America. But the idea was to win the Cold War," Guedes said. "We like a lot of the U.S., but you guys have been down with the Chinese for 40 years, and now you got upset with each other, and we have been dancing with nobody for 20 or 30 years," he explained."We closed our economies. So now we are opening the economy and receiving investment from all over the world." Guedes stressed that the Chinese do not have a"decisive role" in the Brazilian economy, instead highlighting their role as"big importers of commodities" like food whileChinese President Xi Jinping attends the 13th BRICS summit via video link in Beijing, capital of China, Sept. 9, 2021. Xi delivered an important speech at the summit. South African President Cyril Ramaphosa, Brazilian President Jair Bolsonaro and Russian President Vladimir Putin attended the summit as Indian Prime Minister Narendra Modi presided over it. Guedes noted that"I doubt that any geopolitical pressure would work against us at all." He added,"If there is a war or something, they should be aware of what we could do with their investments there and not the other way around, and I believe who trades does not like war." Guedes again urged the U.S. to increase its investment and partnerships in Brazil or risk losing out to countries like China and Russia. "I see that we are losing Latin America because the Western world is not taking care of its own civilization in terms of creating more links with the region," Guedes explained."So if the Russians, if the Chinese are investing in Latin America, something is going wrong here because we are much closer [to the U.S.]. A near shore and friendly shore should be working." Guedes pointed out the hypocrisy of criticizing and raising the alarm when other nations make deals with nations like Venezuela, China or Russia, but then turn around and make deals with those same nations when it is favorable. Most recently, Brazil continued to trade with Russia while much of Europe and the U.S. approved crippling sanctions on Moscow. Guedes noted that despite the furor at the start of the invasion, the world has started to relent and eased up on critical Russian exports
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