Neither FTAA Nor EU. WTO Is Brazil’s Only Hope.

Brazil’s Minister of Foreign Relations, Celso Amorim, met with other South American Foreign Ministers yesterday at the Rio Group summit in Rio de Janeiro.

Following the talks, Amorim declared that at this moment World Trade Organization negotiations are the country’s fundamental and main priority.


He added they were more important than Free Trade Area of the Americas talks.


“The only way to reach our goal of eliminating subsidies and other trade distortions is through the WTO. We could never obtain a favorable ruling on US cotton subsidies in the FTAA, or on EU sugar subsidies in talks with the European community.” declared Amorim.


The Minister went on to point out that with the US election now past history there is more of a chance to advance in FTAA negotiations, which were practically at a standstill.


“The two-track agreement reached in Miami was that there would be a fast track, where those countries making more concessions would receive more benefits in terms of market access, while other countries which made fewer concessions would receive fewer benefits as they moved ahead at a slower pace. That was the only way to avoid a complete collapse of the talks,” explained Amorim.


With regard to recent talks with the European Union, Amorim said: “No agreement is better than a bad agreement.”


He concluded by saying that there simply was not enough time to deal with all the details necessary to reach a good agreement.


Agência Brasil
Translator: Allen Bennett

Tags:

Ads

You May Also Like

A Planetary Workers’ Union Is Being Born in Brazil

A unified workers central union is expected to emerge from the fusion of the two ...

People from Guapiruvu, in São Paulo, Brazil, get together

A Small Community in Brazil Is Giving Sustainable Development a Good Name

Antônio Carlos "Carlinhos" de Lara is serving time on parole for poaching palm hearts ...

Three Tons of Marijuana Seized in Brazilian Northeast

The Brazilian Federal Police (PF) intends to intensify its efforts to combat the cultivation ...

Brazilian Men Come on Top as the World’s Most Promiscuous

The September issue of British magazine Men’s Health decided to find the answer for ...

As the Two-Year Tradition Goes Brazil Gets a New Chief Justice

The Brazilian Supreme Court’s chief Justice serves only a two-year term. So every two ...

Brazilian Industry Raises Brazil’s 2006 GDP Growth Estimate to 3.7%

The Brazilian National Confederation of Industry (CNI) raised its estimate for this year’s growth ...

Brazil’s Housing Plans for the Poor Look Good Only on Paper

The two most recent floods that have hit Brazil have served to underline the ...

It’s 13.75%: For Fourth Time in a Row Brazil Raises Key Interest Rate

Brazil's Copom (Monetary Policy Committee) of the Brazilian Central Bank (BC) raised Brazil's base ...

Brazil Wants Light for All Completed by 2009 Instead of 2015

The Brazilian Association of Electric Power Distributors (Abradee) calculates that the electric sector will ...

Obama Increases Pressure on Brazil to Get Boeing’s F-18 Fighter Planes

The United States is still very interested in selling 36 F-18 fighter planes to ...