Brazil’s Lula Condemns Again US and EU Subsidies

The participants in Brazil’s South America – Arab Countries Summit have gathered not only for the sake of economic and commercial advantages but also to demand the democratization of international organizations, so that the voice of developing countries will be heard.

This affirmation was made by President Luiz Inácio Lula da Silva in his opening speech at the event.


“We can trace new routes in the quest of development, without neglecting traditional paths, but with autonomy, creativity, and audacity.


“This effort will only be rewarded if we can transform the fruits of development into effective instruments for the reduction of social disparities, the promotion of human rights, and the improvement of democratic institutions.”


According to Lula, there is a need to fortify a political space that will contribute to a world of peace, democracy, and social justice.


The President also referred to the trade subsidies granted by developed countries.


“We are searching for trade that is fair and balanced, rid of the subsidies imposed by the rich countries, and which assures the poor countries the benefits of globalization.


“We want to establish a new relationship of solidary collaboration with international financial agencies, and we are striving for the Mercosur and the Gulf Cooperation Council to be able to conclude an economic cooperation agreement,” he affirmed.


Agência Brasil

Tags:

You May Also Like

Brazil’s Petrobras Lending Up to US$ 574 Million to Small Suppliers

Petrobras, Brazil’s state-controlled oil and gas multinational is going to offer credit to small- ...

Continental Adds Third Daily Nonstop to Brazil: Houston-Rio

American company Continental Airlines announced that it has received tentative approval from the Department ...

Brazil Creates Petrosal to Explore New-Found Oil

Brazilian president, Luiz Inácio Lula da Silva, is introducing a proposal calling for significant ...

Brazil’s Furniture Industry Revises 2008 Growth Projection from 5% to 2.5%

Companies from Brazil that took part in the Index, the leading trade fair for ...

IMF Warns: Commodities Bonanza for Brazil and LatAm Is Over

Latin American economies are facing an awkward combination of slowing activity, more difficult external ...

Brazil Delighted to Be First Stop on Chinese Leader’s Tour

The choice of Brazil as the first country on Chinese President Hu Jintao’s itinerary ...

While Bush Caters to the Right and the Lab Lobby AIDS Ravages Brazil and LatAm

Between February 5 and 8, some of the world’s most talented scientists and clinicians ...

Brazilian Companies Go Looking for Foreign Partners

The National Confederation of Industries (CNI) is investing in services at its International Business ...

Inspection Not Enough to Stop Amazon Deforestation, Says Brazil Minister

The number of cleared areas in the Amazon went up 6% in one year, ...

Votes for Sale

For all its self-congratulatory slaps on the back, the Brazilian marketeering establishment is not ...