• Categories
  • Archives

Brazil Tells US That It Is Ready to Discuss the FTAA on Its Own Terms

The Brazilian Ambassador to the United States, Roberto Abdenur, recognized that there are resistances and “disinclinations” on the part of the White House when it comes to accepting negotiations over the Free Trade Area of the Americas (FTAA) in the “4+1” format, in which the four Mercosur countries negotiate as a bloc with the United States.

Nevertheless, he expressed confidence in a solution congruous with the Brazilian position. “This is one more reason for us to insist. Sometimes these things work themselves out in the course of time.


“I believe that, to some extent, the political situation at present is more favorable to a decision by the American government along these lines,” he explained.


For the ambassador, the US government has shown its willingness to negotiate, and, even though its margin of victory was narrow (217 votes against 215), it was able to win House approval of the Free Trade Agreement between the United States, the Dominican Republic, and the Central American countries (Cafta).


Moreover, it is negotiating Free Trade Agreements with Panama and with the Andean countries: Peru, Colombia, and Ecuador.


“It makes no sense for the United States to omit what is by far the largest market in the region, that is, the market formed by Brazil and its Mercosur neighbors. We are ready to begin market access negotiations with the United States in the Mercosur/United States (4+1) format, whenever possible,” he said.


Abdenur judged that would not have been good for Brazil if the Cafta had been rejected, “inasmuch as the United States would lose credibility and bargaining power in the Doha round, which is of great importance and a priority for Brazil.


“Approval of the Cafta was a good sign that the United States has the capacity and political desire to move ahead in free trade negotiations on the multilateral plane, which is important for Brazil,” he explained.


The ambassador said that the Brazil-United States Growth Group work luncheon in Rio de Janeiro, attended by the Brazilian Minister of Finance, Antônio Palocci, and the United States Secretary of the Treasury, John Snow, was not a negotiating meeting intended to produce immediate results.


According to Abdenur, decisions like that are not made on the spot at meetings of this type, but he added that the purpose of the encounter was to touch on various aspects of economic policy that are relevant to the growth of the two countries.


The Growth Group was launched by Presidents Luiz Inácio Lula da Silva and George Bush during Lula’s visit to Washington, in the United States, in June, 2003.


The ambassador said that the idea is to encourage a bilateral dialogue in search of different ways to stimulate the economies of both countries.


Agência Brasil

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

Brazil Cuts Key Interest Rate by 1%. Workers Wanted 2 %

The Brazilian Central Bank (BC) reduced its benchmark SELIC interest rate a full point ...

Brazilian Companies Go Looking for Foreign Partners

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

Is Brazil Ready to Elect a Woman and Former Guerrilla for President?

If economist Dilma Rousseff, former guerrilla and known for her strong character and work ...

Fading Hopes

Everything has gone wrong for Serra and Cardoso’s government in its last months of ...

Despite Spotty Record on Human Rights Brazil Gets UN Seat

Brazil, Chile and Argentina figure among the 15 members elected on Wednesday, May 21, ...

Brazil’s New Middle Class Seems to Be Trapped by Debts and Payment Deadlines

Brazilian economists and sociologists have been warning that the choice by the Brazil government ...

Brazilian Businessmen Learn English to Draw Foreign Clients

In order to encourage economic and social growth in the municipality of Bento Gonçalves, ...

Helping Hand

By Brazzil Magazine What is being done to help favela residents in Brazil and ...

Crisis Hits Brazil: Credit Thins Out, Interests and Inflation Up

Brazil's annual inflation rate rose to a three-year high in October as the currency's ...