• Categories
  • Archives

Obama Team Backs Free Trade Talks Among Brazil and Other LatAm Countries

US State secretary Condoleezza Rice US Secretary of State Condoleezza Rice urged Latin America to continue fighting poverty and avoid the temptation of closing off trade. Rice said on Wednesday, December 10, that countries should not "repeat the mistakes of the Great Depression when nations deepened that crisis by turning inward."

In her last scheduled trip to the region as Secretary of State, Rice is meeting with foreign, trade and commerce ministers in the first session of an initiative aimed at strengthening trade. According to US State Department officials the transition team of President elect Barack Obama described the event as "important."

The one-day conference in Panama, mostly of nations that already have free trade agreements with the US, focused partly on looking for ways that the benefits of existing free-trade agreements can be more broadly spread across societies.

The meeting includes officials from Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Uruguay and Peru.

Panamanian President Martin Torrijos said officials need to foster worker training and protection of the environment as they work toward "better days for our countries, for our peoples" and come up with ways to make sure trade does not "result in profits for only a few" who in some cases abuse the system.

The effort being discussed Wednesday was launched in September to link trade and development and to ensure that the benefits of trade and economic growth reach the poorest and most vulnerable, said Thomas A. Shannon, assistant secretary of state for Western hemisphere affairs who is in Panama with Ms Rice.

He said that although the amount of trade countries do could be affected by difficult economic times, the agreements the nations have signed are solid.

"Our trading relationships with our 12 free-trade partners – that's real and that's not going to change," Shannon said, adding that he didn't foresee any countries attempting to renege on their pacts.

Shannon said officials hope the new initiative discussed Wednesday – called Pathways to Prosperity in the Americas – will become a forum at which nations can talk about other issues important to trade, such as health, education, the environment and labor practices.

US State Department officials have been working closely with President elect Obama's transition team and have highlighted the initiative being discussed in Panama this week as "important", said Daniel Sullivan, assistant secretary of state for economic, energy and business affairs. He said that working for free trade has "a very strong bipartisan tradition in Washington".

Mercopress

Tags:

  • Show Comments (1)

  • João da Silva

    [quote]Obama Team Backs Free Trade Talks Among Brazil and Other LatAm Countries[/quote]

    Hang on for a sec. The article shows the picture of my Idol, Condi Rice, who is really a “Lame Duck” Sec of State, which IMHO, is not absolutely incorrect. Ms.Condi is not being nominated for any post (bad decision by Obama). So this talk about BHO “backing free trade talks among Brasil and other LatAm countries” is just on paper and I would like to see how things are going to go in the next 6 months.

    BUT….BUT…., Ms. Rice did a great job as a Sec of State and hope BHO nominates her as the next U.S. Ambassadress to Brasil.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Açaí­ Makes Further Inroads Among Health-Minded Americans

US-based Caffe Classico Foods  announced that it is going to start selling its Belizza ...

Brazil’s Embraer Sees Itself Delivering 7,800 Jets in 20 years

During the 5th Annual Analysts and Investors Meeting, held November 18 to 19 at ...

The exile for fear of Caio Ferraz

Three weeks after having received an award from President Fernando Henrique Cardoso for his ...

Brazil, a Superpower in Agriculture, Flexes Muscle and Scares US

Although the United States is often described as the world’s lone superpower, former US ...

Less than a Quarter of Brazilians Have Internet Access

According to Ibope/NetRatings statistics for the year 2008 published in the business daily Valor, ...

LETTERS

California and Israel have been used as inspiration for several irrigation plans in the ...

London and New York Are Next for this Brazilian Behavioral Research Firm

Conducting behavioral research and seeking innovative solutions for the corporate world. That is the ...

High Interest Rates Don’t Deter Brazil Market’s Star Trek

Latin American equities rebounded after a few sessions of volatile trading. Investors brushed off ...

Brazil: Lula’s Star Still Got Some Shine Left

The World Social Forum (WSF) in Caracas ended its first day with a protest ...

Brazil’s Biggest Street Party Overseas Ready to Roll in NY

Differently from many of the ethnic communities around the New York City area, expat ...