RIO DE JANEIRO, Sept 22 (NNN-PRENSA LATINA) -Brazilian President, Jair Bolsonaro, signed into law, the Provisional Measure of Economic liberalisation bill, which seeks to reduce bureaucracy in business activities.
It was Bolsonaro’s first governmental act, since the beginning of the month, when he had to undergo an hernia surgery.
According to the government, the new law will reduce bureaucracy and make it easier for Brazilians to start a business and close deals.
The new law makes it easier to initiate activities in low-risk establishments, such as small shops, without licenses.
Brazil expects the enforcement of the new law will result in an additional seven percent growth of the country’s GDP over the next 10 years and generate 3.7 million jobs.
