Brazilian Banks and Supermarkets Want More Active Voice at the WTO

Brazil’s services sector intends to form a united front and increase its participation in commercial decisions made by the government in trade talks at the World Trade Organization, the Free Trade Area of the Americas and Mercosur.

It has been announced that the sector has formed a "coalition" of some 50 associations (among them, banks and supermarkets).

Mario Marconini, of the São Paulo Commercial Federation (Fecomércio) says the short-term goal is to provide Brazilian negotiators at the WTO meeting in Hong Kong next month with information on sector positions.

"The Brazilian diplomats who do the negotiating are really good. But the problem is that they do not consult with us – and we are the ones who are the most interested parties in these negotiations," explained Marconini.

He adds that the sector could be more open to the international market, pointing out that in the last round, the Uruguay Round, Brazil and Mexico made only one-third of the concessions they could have made.

ABr

Tags:

You May Also Like

Bye Bye, Rat Race! Hello, Brazil!

My leaving the United States for Brazil, a place I’d never been, was like ...

Brazil Wants 2-Year ‘Quarantine’ for Civil Servants

Brazil’s Federal Inspector General’s Office (CGU) proposes that the current four-month “quarantine” (waiting period) ...

Brazilian President Luiz Inácio Lula da Silva

The Brasília Consensus: What Brazilians Want

The fat lady hasn’t sung yet, but if the October 24 DataFolha poll is ...

China and US’s Growth Should Boost Brazil’s Exports

The growth of some of the main world markets may benefit Brazilian exports this ...

Boeing, Dassault and Saab on the Run to Sell Brazil 100 Fighter Jets

Brazil's Air Force has just announced this Wednesday, October 1st, that it had chosen ...

Brazil Saves the Day for Latin America

Brazilian and Latin American markets were mixed to higher on the Friday (May 6) ...

Cheaper Computers Bring Explosive Growth to Brazil’s Internet Commerce

Brazil's electronic commerce should generate 9.6 billion reais (US$ 5.6 billion) in revenues and ...

Lula’s Popularity Up. And So Is the Market in Brazil.

Latin American markets were collectively robust, despite lackluster trading in the U.S. Tempering enthusiasm ...

President Rousseff Says Brazil Is Getting into Era of Prosperity with Drop in Inequality

According to Brazilian president Dilma Rousseff, Brazil is moving into an ‘era of prosperity’ ...

Brazilian Indians: Above Any Suspicion or Law

The Constitution of Brazil is extremely generous in all it says about indigenous rights. ...