Brazil and Canada Patching Up Old Rivalries

Following the official visit of Russian President Vladimir Putin, Brazilian President Luiz Inácio Lula da Silva received the Canadian Prime Minister, Paul Martin, yesterday in the Itamaraty Palace, the Foreign Ministry.

Once more the main topic of the meeting was the expansion of trade relations between the two countries. Annual trade between Brazil and Canada currently amounts to around US$ 3 billion.


According to the Ministry of Foreign Relations, Canada imported US$ 2 billion worth of Brazilian products in 2003. Orange juice and brown sugar were among the most significant.


For its part, Canada’s exports to Brazil, most importantly newsprint and potassium chlorate, amount to less than US$ 1 billion.


The Prime Minister of Canada is accompanied by an entourage composed of 55 entrepreneurs from the mining, paper and cellulose, and telecommunications sectors, as well as the Canadian International Trade Minister, James Peterson. Canadian investments in Brazil currently amount to about US$ 5 billion.


It is expected that the official visit will also serve to defuse possible misunderstandings due to the dispute between the Embraer and Bombardier companies.


In 2002, the Canadian government presented a formal complaint to the World Trade Organization (WTO), accusing Brazil of altering its export credit policy for aircraft sales.


The Bombardier company of Canada competes with Embraer in the regional jet market. In the same era, Canada adopted measures in favor of Bombardier, and Brazil submitted a US$ 3.6 billion retaliation request to the WTO.


The Canadian Prime Minister will pay courtesy visits to the presidents of the Chamber of Deputies, João Paulo Cunha, and of the Senate, José Sarney.


Agência Brasil
Translator: David Silberstein

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Your email address will not be published.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

Nixon Era and US and Brazilian Imperialism Still Very Present

A set of documents published by George Washington University’s National Security Archive on August ...

Brazil Sees Dramatic Increase in Tourist Dollar

Expenditure in dollars of foreign tourists in Brazil and the arrival of international flights increased ...

An American Ponders Soccer: The Improvisation of the Game Makes Brazil Excel at It.

It’s difficult for Americans to understand how important soccer is in Brazil. The US ...

Some Brazilian Women Routinely Deported from Europe Are Sex Slaves

Part of the Brazilian women who were deported from or not admitted to Europe ...

Brazil Calls Lebanon’s Rescue Operation a Success

The Brazilian Foreign Relations Minister Celso Amorim had a meeting with the Lebanese community, ...

Olympic Shames

Supreme humiliation: the Cameroon soccer team playing with only nine players against Brazil’s 11, ...

Brazil Reduces Key Interest Rate by 0.75% to 17.25%

Brazilian and Latin American stocks headed lower, as investors continued to lock in some ...

Teen’s confessions

Nobody has been able to explain the explosive success of a teenager’s diary that ...

Obama, Lula & DC Rally Tackle Today Sean Case, the US Boy Abducted to Brazil

A rally to raise awareness of the Sean Goldman case and Brazil's lack of compliance ...

Brazil Earmarks US$ 367 Million for Research and Development

The Brazilian Ministry of Science and Technology reports that it is issuing 45 contracts ...