Brazil and Australia Agree Only EU Can End Impasse at WTO

Brazzil Magazine covers

The Australian Minister of Foreign Affairs, Alexander Downer, affirmed, Wednesday, January 4, that no agreement will be concluded in the negotiations underway in the World Trade Organization (WTO) as long as the European Union fails to offer more access to its agricultural market.

"In the interests of a fair system of international trade, the European Union should be ready to offer more access to its market for agricultural products. We shall continue to fight for this in the coming months," he said.

Downer said he hopes that European leaders understand that "a great responsibility weighs on their shoulders." According to the Minister, the construction of a better and fairer trade system depends upon them. "Not a trade system designed to benefit the wealthy countries, but a trade system designed to benefit all countries."

The Brazilian Minister of Foreign Relations, Celso Amorim, made it clear that market access is the key to the logic behind the current negotiations.

"It is the question that will determine whether or not we will have a virtuous cycle that will lead to a positive outcome. And this basically depends upon the European Union," he declared.

Amorim, pointed out, however, that Brazil’s major interest is not in market access, but rather in the elimination of domestic subsidies granted by developed countries to their producers – a practice that distorts international market prices and is detrimental to the exports of developing countries.

Agência Brasil

Tags:

You May Also Like

Brazzil Magazine covers

Brazil Expecting US$ 10 Billion Drop in Trade Balance Surplus

Brazil's trade balance surplus (the difference between exports and imports) has reached this year ...

Brazzil Magazine covers

Europe, India and LatAm in Gramado, Brazil, for Tourism Deals

The 18th edition of the Gramado Tourism Festival, in the city of Gramado, in ...

Brazzil Magazine covers

Now It’s Our Turn to Tell the Gringos What to Do, Says Lula on Economic Crisis

Luiz Inácio Lula da Silva, Brazil’s former president, blasted the US and Europe for ...

Brazzil Magazine covers

Jungle’s herbal laboratory

It’s time Brazilian publishers prepare careful translations of books such as Tales of a ...

Brazzil Magazine covers

Brazil Gets Cutting-Edge Wine Lab in Semi-Arid Region

The Brazilian Agricultural Research Corporation (Embrapa) for the Semi Arid region, in the city ...

Brazzil Magazine covers

Stage Struck III

By Brazzil Magazine Continued from our last issue THE CENTRAL CHARACTERS OF BRAZILIAN THEATER ...