Brazil’s Laundry List of Grievances Against the US

US Secretary of the Treasury, Henry Paulson is received by Brazilian President Lula US Secretary of the Treasury Henry Paulson received a long list of complaints during his visit Wednesday to Brazil's president Luiz Inácio Lula da Silva, said Finance Minister Guido Mantega who acted as the spokesperson of the meeting in Brazilian capital BrasÀ­lia.

Lula reiterated developing countries insistence that only a greater opening and access to the US and European Union markets for farm produce will save the World Trade Organization Doha Round talks on global trade.

"Brazil hasn't given up the Doha Round," said Mantega who revealed that in the last week the Brazilian President had talked with German Chancellor Angela Merkel and British Prime Minister Gordon Brown in an attempt to unlock the Doha round global trade talks.

Mantega said Treasury Secretary Paulson agreed that the Doha Round can still be rescued from definitive failure, but insisted that developing countries should be more flexible regarding industrial goods and services.

However Paulson admitted that the US is intent in elevating the authorized farm subsidies cap to US$ 17 billion and that the less developed countries would like to see the limit at US$ 12 billion.

"But it's a sensitive issue for the US because US farmers have a strong political representation," added Mantega.

Other issues, which President Lula da Silva addressed and complained about included US duties on Brazilian sugar cane ethanol imports and the current system of representation and nomination in the World Bank and International Monetary Fund.

"Brazil is convinced that emerging economies, some of them larger than those from long established developed countries, must have a greater say as well as more influence in the nomination of World Bank and IMF top officials," said Mantega.

Mercopress

Tags:

You May Also Like

Brazilians Caught in Madoff’s Ponzi Scheme Are Keeping Mum

Wealthy Latin Americans, among them Brazilians, are among the biggest victims of an alleged ...

Embraer Brings 4% of Brazil’s Trade Surplus

The Brazilian Aircraft Corporation S.A. (Embraer), Brazil’s largest exporter of manufactured goods, closed the ...

Bristol-Myers Makes Brazil World Center for its IT Support

The president of Bristol-Myers Squibb Brazil, Mário Grieco, should announce today the details of ...

A Lesson Brazil Is Learning: We Are the Wealth

Recently, the United Nations Development Program (UNDP) held a meeting in Cairo, Egypt, to ...

Left Marches Against Lula and Vows to Stop Brazil with Strikes

Carrying banners and flags, demonstrators taking part in the March against Corruption and the ...

Sugarcane cutter in Brazil

Inequality Is As Brazilian As the Weather and the Beaches

On Sunday, February 5, the Brazilian TV program Fantástico presented three shocking reports. One ...

Brazil Would Be Better With Just a Couple of Clear-Cut Parties

The ongoing scandal involving the Workers Party (PT), which looks like overshadowing President Luiz ...

Brazil to Create 5 Industrial Airports with Tax Breaks for Exports

Infraero, the Brazilian Airport Infrastructure Company, a public organization that manages the airports in ...

Queen Talks About UK’s Increasing Appetite for All Things Brazilian

The first day of the state visit Brazilian President Luiz Inácio Lula da Silva ...