Japan and China Come to Brazil for East Meets Latin America Encounter

Fealac Brazil Foreign ministers and envoys from 33 Latin America and East Asian countries on Wednesday opened in Brazilian capital BrasÀ­lia two days of talks to boost fledgling trade ties and build links between the far-flung regions.

The Forum for East Asia Latin American Cooperation (Fealac) "can well be the greatest ocean-connecting bridge," said Japanese Foreign Minister Taro Aso of the two regions separated by the vast Pacific Ocean.

"Our two-way trade is now 3.5 times as big as it was in 1998, from US$ 53 billion to US$ 183," he said.

"The canals connecting the two oceans, both wet and dry, must be made broader." Opening the meeting, Brazilian Foreign Minister Celso Amorim called for countries to "explore common interests" between the distant regions.

"We all understand the importance of South-South cooperation," he said.

South Korean Trade Minister Kim Jong-Hoon, who is co-hosting the meeting, said "there is synergy between our two regions."

Japanese minister Aso said the forum could have a major role to become on the world stage.

"Because the Fealac is a powerful driver of the world economy, it bears grave responsibilities to give a strong push to World Trade Organization negotiations, as well as to the UN reforms," he said.

He said that at the moment Latin America accounted for "only 3% of the total amount of East Asia trade with the entire world. Seen from Latin America, the corresponding figure is a mere 9.6%." The official agenda calls for a meeting with Brazilian President Luiz Inácio Lula da Silva.

The two-day meeting is drawing up a final declaration to be issued on Thursday giving priority to trade and investment cooperation, according to a draft.

Many of the participants – like Brazil, China, Indonesia or Argentina – are also members of the G-20 bloc of developing countries vigorously opposed to the agricultural subsidies granted in Europe and the United States, which they see as unfair.

The East Asian members of the bloc are: Australia, Brunei, Cambodia, China, Indonesia, Japan, Korea, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

Latinamerican members are: Argentina, Bolivia, Brazil, Colombia, Costa Rica, Cuba, Chile, Ecuador, El Salvador, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela.

During the meeting the Dominican Republic is due to become a new member of the organization founded in Chile in 2001, while Brazil is calling for the other nations of the Caribbean to be admitted.

The forum previously met in Santiago in 2001 and Manila in 2004.

Mercopress

Tags:

  • Show Comments (3)

  • baba

    Hey Joao da Silva
    ThereÀ¢€™s an even bigger (green, yellow, blue & white) BUG up the Swiss ass. 🙂

  • João da Silva

    [quote]Big bug in Latin America softwares ![/quote]

    What exactly is this “Software” ? Kind of disease,introduced by the Swiss? Be specific 😉

  • ch.c.

    “Latin America accounted for “only 3% of the total amount of East Asia trade with the entire world. ……..
    ……..but Seen from Latin America, the corresponding figure is a mere 9.6%.”

    Big bug in Latin America softwares !

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

Brazil: Once Expelled Goldminers Come Back to Yanomami Territory

Illegal goldminers have invaded the land of the Yanomami Indians in the Brazilian Amazônia. ...

Exports and Imports Pushing Fast Ahead in Brazil

Exports during the first week of February (four business days), were up 26.4% compared ...

Brazil Vows to Repair 16,000 Miles of Roads in Bad Shape

Brazil’s National Transportation Confederation (CNT) has released a note praising the decision by the ...

Brazil Hailed as Model in Ethanol in International Encounter

Brazilian ethanol production was mentioned in the majority of the lectures given, January 23, ...

Survey Says: Brazil’s Lula Wins Reelection by Landslide

Brazil’s latest presidential election poll released today by CNT/Sensus threw a bucket of cold ...

Lula Defends Brazil’s Central Bank Interest Rates Policy

In a speech at Petrobras regional headquarters in the Greater ABC region of São ...

Gol Gets Its 100th Aircraft, a Boeing 737 Especially Designed for Brazil

With the delivery of its new Boeing, Brazilian Airline Gol and its subsidiary Varig ...

A Cambridge PhD and the Heir to Brazil’s Biggest Bank Among Marina Silva’s Advisors

Two economists with graduate studies in Cambridge and Massachusetts Institute of Technology, a lawyer ...

ILO Wants World to Learn from Brazil’s Labor Court Decisions

Sentences imposed by Brazilian labor courts in cases of exploitation of slave-like labor, child ...

Brazil Doesn’t Want to Be 30th in World Tourism Anymore

The Brazilian tourism industry may generate 210 to 250 thousand new jobs this year. ...