Brazil’s Lula Believes Agreement on World Trade Will Happen in a Few Days

Bush receives Brazilian President Lula in Camp David Brazil and the United States expect that in the coming 30 days agreement on the Doha Round global trade talks can be reached, revealed Monday, April 2,  Brazilian president Lula da Silva during his weekly broadcast program.

Last Saturday, March 31, Brazilian President Luiz Inácio Lula da Silva met with US President George W Bush at the Camp David retreat and apparently reached some kind of understanding on the stalled World Trade Organization Doha Round talks plus asserting the "strategic" alliance between Brazil and the US in several fields.

"President Bush told the press he wants an agreement at WTO level. He said he was willing to reach such an agreement, and in the meeting with me, he personally insisted that in the coming days we must be ready to agree on the trade deal," said Lula.

The Brazilian president said that this week he will be phoning British Primer Minister Tony Blair and German Premier Angela Merkel, since Germany currently holds the EU presidency, to push for the Doha negotiations.

"If we reach a Doha Round agreement, I think it will be a great achievement, particularly for the poor world since we will be giving them an opportunity to join the XXI century," added Lula.

Last Saturday following the meeting with the Brazilian president, Bush addressing the US press said it was in the interest of the US "that we successfully finish these WTO discussions".

The four main actors of the Doha Round talks, Brazil, India, US and the EU, are scheduled to meet in mid April in New Delhi to find a compromise in agriculture, farming subsidies and markets access.

The Doha Round talks were launched in 2001 but were interrupted last year following disagreements in agriculture. Last January a new round of contacts was started to try and find common ground to proceed with negotiations.

The 150 WTO member countries have until next June 30 to find an understanding since on that date the special negotiations powers of the US Executive, granted by Congress, expire.

Developing countries are demanding for an end to farm subsidies and access to rich countries' markets, while the developed world is asking in exchange openings in services and for manufactured goods.

Mercopress

Tags:

Ads

You May Also Like

Brazil Industry Breaks Four-Month Surge, Dropping 2.5%

Industrial production in Brazil fell 2.5% in July, in comparison with June. According to ...

Brazil’s PT Wins the Vote But Loses the Magic

After the municipal elections all the political parties commemorated victory, while the press demonstrated ...

Brazil’s Ronaldinho Becomes UN Ambassador Against Hunger and Poverty

Brazilian soccer star Ronaldinho, one of the world’s best known sports figures, agreed to ...

Brazil Fund Announces Meeting to Convert It to Open-End Firm

The Brazil Fund, Inc. announced that its special meeting of stockholders, which was reconvened ...

Brazilian Justice Sequesters Varig’s Money to Pay Workers’ Compensation

The US$ 75 million that VarigLog, the new owner of Brazilian airline Varig, deposited ...

Foreign Direct Investment in Brazil Doubles in 2007 to US$ 35 Billion

Brazil's share of foreign direct investment (FDI) stood at US$ 886 million last December, ...

Brazil’s Bradesco Gets R$ 1.2 Billion Net

Banco Bradesco  posted a net income of R$ 1,205 billion in the first quarter ...

Asuncion Asks Brazilians Who Own Farms in Paraguay to Respect Law

The president of Paraguay, Fernando Lugo, said in Washington that his administration will guarantee ...

Brazil’s Old-Time Watering Holes Botequins Go Digital

Ya Mogu, a Brazilian based digital signage company has started a bar network based ...

Brazil Needs More Imports If It Wishes to Export More

The president of the Foreign Trade Studies Center Foundation (Funcex), Roberto Gianetti da Fonseca, ...