• Categories
  • Archives

Brazil Opposition’s Presidential Candidate Calls Mercosur Farce and Barrier

José Serra José Serra, Brazil’s leading presidential candidate described Mercosur as a “farce” and a “barrier” for Brazil to sign trade agreements with other countries. “To keep carrying the burden of this Mercosur in its current condition is senseless. The customs’ union is a farce, except when it is used to impede, to block”, said Serra during a meeting with leading businessmen from the state of Minas Gerais.

Press reports from Belo Horizonte indicate that the opposition candidate and former governor of Brazil’s powerhouses, the state of São Paulo, said that the group made up of Argentina, Brazil, Paraguay and Uruguay “has become a barrier for Brazil to sign trade agreements with other countries”.

Serra has been a regular critic of Mercosur and its “cumbersome procedures”.

Presidential candidate for the main opposition party, Brazilian Social Democracy, PSDB, Serra last April 10 talking at his official nomination, complained bitterly that Mercosur after almost two decades only has one free trade agreement, with Israel.

In his nomination speech Serra promised a complete reformulation of Brazil’s foreign trade policies. “We have reserves but investors look at the stock and the influx of foreign capital. We must be ready to anticipate events”, insisted Serra.

However the candidate leading in the opinion polls for the presidential election of next October 3 did not anticipate what would be his administration’s position towards Mercosur, of which Brazil is the main economy and one of the founding members in 1991.

According to a report in the financial newspaper Valor, the former governor recalled an experience of the past to support his criticism of Mercosur.

While minister of Health in the cabinet of former president Fernando Henrique Cardoso (1995-2002), Brazil and India were ready to sign a trade agreement but the initiative was frustrated because compensations had to be established for the other three full members of the block, Argentina, Uruguay and Paraguay.

Serra is competing with Dilma Rousseff the incumbent candidate handpicked by President Lula da Silva. His former cabinet chief and energy minister, Ms Rousseff however has a past linked to the radicals of the sixties and seventies and is looked upon with certain suspicion by the business establishment.

She has on her side the unbeatable prestige and reputation of president Lula, but it’s not sure if it will be enough.

Mercopress

Tags:

  • Show Comments (0)

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

Powell Wants Brazil’s Nuclear Plants Inspected Soon

The US Secretary of State, Colin Powell, argued that all Brazilian uranium enrichment plants ...

Brazil Sugarcane Industry Applauds Fed Chief for Backing Ethanol Tariff Cut

Brazil's Sugarcane Industry Association (UNICA) released a note this Thursday, February 28, applauding remarks ...

Brazil: Starving at Home to Fatten Speculators

The Brazilian economy continues to be the cave of Ali Baba transformed into a ...

Brazil Listens to Experts to Eliminate Red Tape in Foreign Trade

On Friday, July 7, Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando ...

Handicapped Get a Place Under the Sun in Brazil

Representatives of 21 Iberian-American countries will meet in Rio de Janeiro between November 7 ...

Brazil Gets Ready to Host World Cup Promoting Country in US and EU

Brazil's Ministry of Tourism has recently launched the campaign "Sensational Brazil" to show the ...

Brazil Has Learned It Can Reach Prosperity Only by Building Its Democracy

Brazil’s mid-year approaches with the country’s poor northeast region being punished by torrential rains ...

Lula Is No Disease, Just the Symptom of a Decaying Brazil

Brazil’s President Lula da Silva is immersed in a seemingly endless corruption scandal; his ...

Brazil Lends a Hand to Fight AIDS in Senegal

With the signing of a protocol of intentions for the transfer of anti-retroviral technology, ...

Crowd Pleaser

Paulo Coelho is today the best-known Brazilian author, with more than 21 million books ...