ABSTRACT
The inauguration of Brazilian President Fernando Collor in 1990 represented a milestone in the evolution of Brazilian international trade policy. The new President advocated a less interventionist approach in which market tools would restore the economy to macroeconomic stability and improved competitiveness. The government of Brazil is well aware that its economic reforms and, indeed, the very health of its economy depends on attracting foreign investment. Brazil’s trade strategy for the 1990s is based on a new model for its participation in the world economy. The Foreign Ministry is the most important single agency in Brazil’s foreign policy decision-making process, and it has sought to maintain the primacy in the field of international economic policy-making as well. The Collor Administration has a straightforward plan for Brazil’s overall trade regime. Brazil initially planned to replace its existing export financing programs with an Export-Import Bank.
