ETCO represents over 7% of Brazil's GDP
PriceWaterhouseCoopers research shows the importance of the Institute's associates in the Brazilian economy
The consultancy PriceWaterhouseCoopers (PwC) carried out a study on the representativeness of ETCO - Brazilian Institute of Ethical Competition. The objective was to show the participation of the associations and companies that maintain the institute in the country's economy. The analysis was made based on research with each associate and information from sectoral and national bodies. The data were collected last year and refer to the period from 2011 to 2013.
According to PwC, in 2013, ETCO members represented revenue of R $ 351 billion, equivalent to 7,25% of national GDP. In industrial GDP, the participation was even higher: 12,3%. Associates were responsible for 1,4 million direct jobs and another 2,6 million indirect jobs.
According to Evandro Guimarães, ETCO's chief executive, the survey shows the strength and size of the Institute's responsibility. "We fight against unfair competition practices on behalf of 7% of the Brazilian economy," says Guimarães. “Our mission is to help create a more just country”.
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