After Talking to Blair and Merkel Brazil Lula’s Is Hopeful on WTO Accord

Speaking this Monday, May 15, to Brazilians on his weekly radio program, "Breakfast with the President," the President of Brazil, Luiz Inácio Lula da Silva, declared that he believed an agreement within the World Trade Organization framework was possible this year.

Lula made his remarks following the summit in Austria which brought together the European Union, Latin America and the Caribbean. Lula said he was encouraged in his conversations with the leaders of England, Tony Blair, and Germany, Ângela Merkel.

According to Lula, a worldwide agreement has to deal with three problems. First, the United States has to reduce farm subsidies.

Then, the EU has to open its markets to farm produce from developing and poor nations. Finally, developing nations, those in the G-20, have to open their markets to manufactured goods from rich nations.

"If we can achieve this triangulation, we can surprise the world with an agreement that everyone thinks is impossible. I am convinced that if we all work together in a responsible manner it can be done. We can make it possible for poor nations to sell their goods on world markets," said Lula.

The Brazilian president added that he hoped progress would be made on the issue at the next G-8 meeting in Saint Petersburg in July. "An agreement like this would mean progress for the next 20 to 30 years in world trade," Lula concluded.

ABr

Tags:

  • Show Comments (1)

  • Guest

    Sorry Lula !
    The EU is already your No1 client for you agriculture !

    Knock to another door or open yours for industrial goods and financial services !

    Your door is very much closed but I guess this what you call…..TRADE !
    UNILATERAL TRADE IS YOUR DREAM, but it wont be a reality !

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Brazil’s Gol Goes International. First Flight: Buenos Aires

Brazil’s GOL Linhas Aéreas Inteligentes S.A., December 1st, started selling tickets to its first ...

Folia de Reis

Caipira May Be Hick But It Also Can Be Hip, in Brazil

"It dawned, I grabbed my viola, put it in the bag, and went traveling…" ...

While the US Alienates Brazil and LatAm Spain Woos Them

The 2004 elections in Spain pitted incumbent Prime Minister José MarÀ­a Aznar López of ...

For Brazil China’s Growing Influence Is as Much a Bless as a Challenge

China’s economic involvement in Latin America reached an all-time high last month when Beijing ...

Brazil Market Back on the Up Track

Latin American markets gained ground, led by Brazilian stocks, amid optimism about the local ...

Black Wednesday Knocks Brazil Markets Down 5%

It was Brazil stock market's second worst day this year. Battered by a widespread ...

Brazilian Chancellor Has Full Schedule in Geneva

Brazilian Minister of Foreign Relations, Celso Amorim, participated Thursday, June 29, in the ministerial ...

The Zika Fear: There’s Still Time to Stop Rio’s Olympic Games

Since the outbreak of the Zika virus in Latin America in May 2015, Brazilian ...

Brazil’s Petrobras Invests US$ 16 Bi Seeking Self-Sufficiency in Gas

Brazilian oil giant Petrobras intends to invest US$ 16 billion in the gas sector ...