Brazil’s Lula Visits Bush for Ethanol and World Trade Talks

President Lula at a pilot biodiesel plant in Brazil Brazilian President, Luiz Inácio Lula da Silva, announced this Monday, March 26, in Brazil, that he will ask American President George W. Bush to help advance global trade talks when he visits Washington this coming Saturday, March 31. Lula is scheduled to meet Bush at Camp David in Maryland.

"I will discuss the World Trade Organization with Bush because the WTO's success depends heavily on the United States," Lula said on Rádio Nacional, a government-owned radio network.

The latest round of WTO-linked global trade talks stalled last year after developing countries led by Brazil and India insisted the United States and other industrial nations lower subsidies for farmers and tariffs on agricultural imports.

Talks have since resumed and trade officials are now trying desperately to conclude the round before June, when a key agreement or "fast track" between the U.S. president and Congress expires. Unless the agreement is renewed, legislators can revise trade deals negotiated by the president, making deals much harder to reach.

Meantime, in Quito, Pascal Lamy, head of the World Trade Organization, said that the Doha round objective has not been the "complete liberalization of all economies" but rather an end to rich countries farm export subsidies.

"The purpose of this round was never total liberalization of all economies. Rather cut trade barriers, correct misbalances in current trade rules, which hinder poor countries, stimulate growth and reduce poverty," said Lamy adding that his efforts are concentrated in reaching an "agreement to advance in the elimination of subsidies" and thus helping the US to adjust to that objective.

Lamy revealed that US negotiators consider that if advances are reached "it can help renew the special Congress authority" (for the White House to subscribe trade agreements) and thus conclude the Doha Round.

Brazilian President Lula said he will ask Bush to help African countries and Haiti develop their economies, possibly by producing alternative fuels like ethanol and bio-diesel, areas in which Brazil leads the world.

Brazil wants to export more ethanol, a gasoline alternative that it makes cheaply and efficiently from sugar cane, but buyers are reluctant to rely on a fuel only Brazil can export.

During the recent visit of US President Bush to Latinamerica a strategic bio-fuels promotion agreement was signed with Brazil. The United States is the world's largest ethanol producer and consumer, but it makes ethanol from corn, which costs more and is less energy efficient.

Mercopress

Tags:

Ads

You May Also Like

Brazilian Stocks Down on US Interest Rates Concerns

Latin American shares collectively declined alongside a depressed U.S. market. Brazilian shares ultimately soured, ...

Brazil’s US$ 5 Billion Deficit After Brazilians Go on a Shopping Spree Overseas

In July, the month of school holidays, expenditures by Brazilians in foreign countries totaled ...

Brazil Construction Industry Draws Attention in Middle East

Brazil’s participation in the Big 5 Show, the Middle East’s biggest trade show for ...

LETTERS

Rancharia is 1 of 49 special projects in the state of Bahia supporting 2,250 ...

Earth’s Most Threatened Tribe as Seen by Sebastião Salgado in Vanity Fair

World-famous Brazilian photographer Sebastião Salgado and Vanity Fair magazine have joined forces to publicize ...

Brazil Government Replaces Aging Boeings with Brazilian Planes

Brazil's Air Force commander, brigadier Juniti Saito, signed Monday, June 2,  in São José ...

Brazil Won’t Retreat from Haiti, Says Defense Minister

With the death of the Brazilian commander of the UN Stabilization Mission in Haiti ...

Crisis in Brazil: US$ 20 Billion Drop in Investments Means 70,000 Fewer Jobs

It's estimated that Brazil lost the equivalent of US$ 27.8 billion in investments from ...

In Brazil, Basic Education Gets Only the Crumbs of Public Money

Objective measures of the cognitive ability of students in the Brazilian education system have ...

In Brazil, Blacks Earn Only Half as Much as Whites

A survey just released by the union-linked socio-economic studies department (Departamento Intersindical de EstatÀ­stica ...