• Categories
  • Archives

Brazil’s Lula Tells Bush G8 Needs to Lead Stalled WTO Talks

President Bush and Brazilian President Luiz Inácio Lula da Silva have agreed to continue improving cooperation on alternative energy and trade. The leaders met in St. Petersburg, Russia, on the sidelines of the summit of the Group of Eight leading industrialized nations.

President Bush says he and the Brazilian leader want to move forward on the so-called Doha round of world trade talks, as G8 leaders meet with heads of state from the world’s five fastest-growing economies: Brazil, India, China, Mexico and South Africa.

"He is one of the leaders when it comes to trade discussions. A lot of the world looks to him for judgment, so I view this as a very important meeting," Mr. Bush said. "We are committed to a successful Doha round, and in order for the round to be successful, the United States and Brazil must continue to strategize."

President Lula says it is extremely important that the Group of Eight leaders have set aside time at their summit to discuss the trade talks, which are aimed at reducing barriers to poorer countries. He says now is the time for heads of government to make tough political decisions.

"We cannot leave it in the hands of our negotiators only, who have done immense work," he said. "But now it seems to me that they don’t have any hidden card in their pockets any more. Now we are the ones who have to take our cards from our pockets."

The two leaders also discussed alternative energy sources. Brazil is one of the leading developers of bio-fuels, while reducing America’s dependence on foreign oil is one the biggest priorities for Mr. Bush’s second term.

President da Silva invited President Bush to build a major partnership with Brazil in producing ethanol, bio-diesel, and a new fuel called H-Bio, which mixes refinery petroleum with oil from soy, sunflower seeds, cotton and castor beans.

The World Trade Organizations negotiations on the Doha trade agenda have been stalled for months. Many developing nations and major agricultural exporters, such as Brazil, want developed economies, such as the United States, the European Union and Japan, to cut farm subsidies sharply.

The E.U. and U.S., however, say that in return, developing nations must lower barriers to foreign manufactured goods, and services such as banking.

VoA

Tags:

  • Show Comments (0)

Your email address will not be published.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

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

US-Brazil Team Studies Links Between Alzheimer’s and Child Diarrhea

Researchers at the University of Virginia School of Medicine and Federal University of Ceará ...

A Lula's rally in the Brazilian Northeast

The Red Flag-Waving Throngs Are Back in Brazil for Lula’s Reelection

The crowd rushed toward the helicopter as it landed in the nearby field. As ...

Japan Main Buyer of Brazil’s Poultry

The Brazilian poultry exports yielded US$ 199 million in January, which represented a 20.53% ...

Brazil’s Trade Surplus Reaches US$ 15 Billion, 19% More than Last Year

According to information from the Brazilian Ministry of Development, Industry and Foreign Trade, Brazil ...

How the Viola Got Hip in Brazil

The history of the viola in Brazil always accompanied that of the man in ...

Brazil Wants to Be Known As Software-Hip Country

The Brazilian government and the private sector signed an agreement to stimulate exports of ...

Brazil in Still Another Trade Mission to Africa

The Apex (Brazilian Export and Investment Promotion Agency) is going to promote an exhibition ...

Brazil Sees Biotecnology as Panacea for Economic and Ecological Ills

The biotechnology development policy, launched on Thursday, February 8, by Brazilian President Luiz Inácio ...

Brazil on Target to Produce Record 2.4 Million Vehicles This Year

Vehicle production in Brazil this year (January to September) has reached 1,834,861, a new ...

Brazil Makes the US’s G-20 of Drug-Friendly Countries

Brazil is in the company of Afghanistan, Bolivia, Burma, Colombia, Nigeria, Pakistan, and Venezuela ...