Brazil’s Interim President, Temer, Stresses Importance of Agroindustry to Brazilian Economy

Dan Butler
Tue, 5 Jul 2016
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Michel Temer, Brazil’s interim president, has stressed the importance of agroindustry for the nation’s growth and called for “national reunification” to secure jobs in the sector.

“For employment to recover, it’s necessary for industry and agroindustry to grow, so that trade also grows,” explained Temer in his opening speech to the international Global Agribusiness Forum 2016 on Monday.

“The country needs… a national pacification, a national reunification, with interaction between the business sector and the workers, which is the first social program that should be moved forward.”

When addressing the forum, Temer emphasised the significance of agriculture, the only industry to exhibit positive economic results in 2015, which saw Brazil’s GDP shrank by 3.8 percent.

The de facto president also stated that after August he will begin a tour of several countries to drum up foreign investment in Brazil’s economy.

“I confess that I took over in Brazil at a difficult time. Everyone knows how many difficulties we’re facing, but God helped us and we’re putting together an economic team that I think has not been seen in Brazil for quite a while,” said Temer. “Also, we now have an agriculture minister who’s acclaimed by all.”

At the event, Temer received a notice of support from 46 Brazilian agroindustrial representatives, but the support was not shared by a group of a dozen protesters who picketed the summit. The group called for the reinstating of Dilma Rousseff to the presidency, who has been temporarily dismissed since May 12th to much controversy.

For employment to recover, it’s necessary for industry and agroindustry to grow, so that trade also grows.

The Brazilian Senate is expected to decide by mid-August whether to oust Rousseff over allegations of manipulating the country’s budget figures. If the Senate votes to impeach Rousseff, Vice President Temer will serve the remainder of her term, which ends at the start of 2019.

Temer, himself, is under investigation for corruption and has come under increasing pressure from the Brazilian electorate. Since ascending to interim president, he has encouraged the privatisation of state assets in a move that is widely opposed by the majority of Brazilians who voted in Rousseff for a second term in 2014.

“There is massive potential for the Brazilian agroindustry to lead the nation’s economy out of its present slump, especially with precision agriculture technology,” explained Dr. Aubrey Longmore, head of Agri-business at Challenge Advisory. “However, they need to resolve their current political turmoil quickly if they are to restore stability and encourage much needed investment in their economy.”