Brazil Adopts Stick and Carrot Policy Towards China

The Brazilian government plans to publish China’s protocol of admission to the World Trade Organization (WTO) in one of this week’s editions of the Diário Oficial (Daily Federal Register.)

With this gesture, Brazil officially recognizes China as a WTO member country. This information was passed along Monday, September 19, by the Minister of Agrarian Development, Miguel Rossetto, as he left a meeting of the Foreign Trade Chamber (Camex).


According to Rossetto, it was decided at the meeting that the protocol of admission represents an opening move, prior to the trip that the Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, will make to that country on September 29.


Furlan will attempt to negotiate with Chinese exporters to resolve the problem of Chinese imports that harm domestic production, such as in the textile and footwear sectors.


Only if Furlan fails to reach any settlement will the government consider taking countermeasures. Under such circumstances the government could adopt safeguards against the importation of certain Chinese products.


“The preferred option is one of negotiation, but without sacrificing the interests of our economy, especially our industry,” Rossetto underlined. The Minister pointed out that this will be a position assumed by the entire government.


“We have made technical preparations for this whole process, and the option is to strive for Minister Furlan to put together a harmonious deal with China. At the same time, Brazil is preparing itself for the eventuality of adopting safeguards to protect our industry.”


Agência Brasil

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  • Guest

    pork
    You need to look at why Brazil is unhappy at Russia over pork imports – Moscow gives huge import quotas to the US and EU whose meat is more expensive than that from Brazil. With a free market Russian imports of Brazilian pork, chicken and beef would be much bigger.

  • Guest

    not alone….
    …you use the same tricks with Russia and your pork exports to them…which is your conditions to accept this country in the WTO !!!!!!

    What if…China…will prefer to buy their needed soya from the USA or Argentina…rather than from you !!!! they have a huge trade deficit with the USA and more purchases to them will only reduce slightly their ttrade surplus.
    No doubt you are playing a game one way with one country and the exact opposite with another one. Just as it suits you…despite you are have already big overall trade surpluses with Russia and China.

    By wanting it all and giving nothing…..time will show you that the only loser will be Brazil itself.

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