European Union Lets Brazil Down

“Below expectations.” That was the initial reaction from Brazil’s Ministry of Foreign Relations (Itamaraty), with regard to the offer presented yesterday by the European Union as part of negotiations for an Inter-Regional Association Agreement with Mercosur.

The ministry points out that a preliminary examination of the offer found it quantitatively lower than the offer made last May by the EU.


The new offer, says the note, repeats quotas offered at that time, while introducing new conditions.


“Consequently, the present offer is seen, in general terms, as below the quantitative levels which were discussed informally at a subsequent meeting in September,” says the note from the ministry.


However, the note goes on to say that further examination of the offer will be made.


“A final position by Mercosur will be possible only after a detailed analysis by all member states.”


The note concludes by reiterating Mercosur’s commitment to continued consultations in order to reach a just and balanced agreement with the EU.


Such an agreement is described as a strategic element in Mercosur foreign trade policy. It is also described as beneficial to both parts.


But the note also points out that Mercosur has made large concessions, while the EU has not done the same.


Agência Brasil

Tags:

You May Also Like

Brazil Gives Exporters a Break Offering Credit in Foreign Currencies

The Brazilian central bank will offer credit lines in foreign currencies as of next ...

Olympics in Brazil: Does Rio Have What It Takes?

Brazil wants to host the 2012 Olympic Games and has already a blueprint to ...

Brazilian composer Antonio Carlos Gomes

Brazil’s Greatest Classical Composer Was Never More than a Salieri

There were several false starts at presenting staged opera in Brazil during the late ...

Brazil’s Agribusiness Thriving in Africa, Asia and Middle East

Agribusiness exports from Brazil to the Middle East grew 33% in April in comparison ...

Brazil, Once Top Rubber Exporter, Now Imports 2/3 of the Rubber It Uses

Brazil may once again become a natural rubber exporter. According to the Brazilian Minister ...

Covering It All

Brazil is in the midst of a law-writing fever. Traffic, pensions, environment, civil service, ...

Probe on Brazil’s Bribe-for-Vote Scheme Goes to Federal Police and Revenue Service

The president of the Joint Parliamentary Investigatory Commission (CPMI) on the Post Office, senator ...

Thai Army and Navy Buy Brazilian Embraer’s Long Range Jet

The Royal Thai Army and the Royal Thai Navy have signed agreements to buy ...

Brazil Proud to Go from IMF Borrower to IMF Lender

Brazilian President Luiz Inácio Lula da Silva said he wants to be the first ...

Short story – O Alienista by Machado de Assis – II

O Alienista The alienist could barely hide his astonishment; he confessed he expected something ...