RIO DE JANEIRO, BRAZIL - Brazil continues to impose relatively high restrictions on trade in services, but it has made progress and was the country that most reformed in 2020 in this segment among the economies examined, says the Organization for Economic Cooperation and Development (OECD).
The 2020 Services Trade Restrictiveness Index (STRI) published by OECD lists Brazil as the tenth country with the highest barriers to foreign service entry among the 48 countries examined. This includes stringent regulations, such as the need for specific federal government approval to establish a branch office, and a labor market rule that restricts the . . .