WTO Stalemate Is Political and Not Technical, Say Brazil’s Lula

Brazzil Magazine covers

During his weekly radio broadcast Monday, May 29, Brazilian President Luiz Inácio Lula da Silva said that it is time to take a political decision with respect to the agricultural issues pending in the World Trade Organization (WTO).

According to Lula, the period for technical negotiations among the countries is almost over, and the solution is now up to the presidents and prime ministers.

The president observed that a meeting of the G-8 (the group composed of the world’s seven richest countries, together with Russia) is scheduled for July, in St. Petersburg.

Some other countries, including Brazil, have been invited to attend as guests. According to the Ministry of Foreign Relations, the group’s enlarged summit will take place between July 15 and 17 and is expected to discuss, among other topics, international energy security, the fight against infectious diseases, and educational development.

Lula stated that he is optimistic over the prospects for an agreement in the agricultural sphere, which, in his view, would give "a new aspect to the geography of world trade."

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Brazil Authorizes Power Bill Increases of Up to 16%

The electricity sector regulatory agency (Aneel, Agência Nacional de Energia Elétrica) has completed a ...

Brazzil Magazine covers

Brazil Blames High Import Duties on Its Own Incompetence

Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, said that the ...

Brazzil Magazine covers

Brazil’s Ethanol Won’t Substitute Oil at Least for Three Decades

Petroleum, which accounts for 43.1% of the Brazilian energy matrix, will continue as the ...

Brazzil Magazine covers

Brazil Finds Out Its Car Battery Is a Time Bomb

Amid rising concern with the final destination of batteries (both domestic and industrial), the ...

Brazzil Magazine covers

Brazil Campaign Doubles Number of Bone Marrow Donors

The number of bone marrow donors in Brazil doubled in the past year, after ...

Brazzil Magazine covers

My Brazilian Pet Peeve

I’m not writing this article just to promote the wonderful pun in the title, ...