Business environment suffers from culturally accepted transgressions, says FHC


Source: DCI, 04/12/2007

SÃO PAULO - Former President of the Republic Fernando Henrique Cardoso said, on Tuesday (4), that “transgression is accepted culturally in Brazil, interfering in the business environment”, in an event promoted by the Brazilian Institute of Ethics in Competition (ETCO ), at the University of São Paulo (USP).

According to FHC, “in Brazil we have not yet constituted a society that believes in democracy and there is no equality under the law”, factors that, added to the poor management of public spending and the excess of bureaucracy, cause deviations in conduct and human transgressions.

“A good business environment thrives with clear and respected rules. Tax evasion, informality, adulteration, piracy and other misconduct generate competition imbalances ”, added André Franco Montoro, ETCO's executive president.