US Commerce Secretary Decries Hostile Business Environment in Brazil

US Commerce Secretary Carlos Gutierrez According to U.S. Commerce Secretary, Carlos Gutierrez, a general agreement on global trade liberalization in the World Trade Organization's (WTO) Doha round of talks is "closer than most people think."

Speaking to Brazilian business leaders in São Paulo, in Brazil's Southeast, Gutierrez urged Brazil's government to lobby other developing countries to find solutions to the issues stalling the talks, which began in 2001.

"If Brazil uses its influence, then a Doha agreement would be that much closer … Developing countries look up to Brazil. Brazil is a leader," said Gutierrez.

Gutierrez said the future Doha round trade talks should focus on existing texts that have been developed by negotiators in Geneva.

"What I would like to see is an agreement based on these texts … I am hopeful," he said.

He said the texts deal with agriculture, services and trade in manufacturing goods.

Gutierrez guaranteed the administration of U.S. President George W. Bush is "strongly committed" to successful conclusion of the Doha Round. "These negotiations are at a critical juncture," he said. "Doha is the biggest opportunity we have right now in the world. It could take 500 million people out of poverty."

He said the Bush administration is convinced the U.S. Congress would view a Doha agreement favorably and pass the legislation necessary to implement it.

"We believe that because of the potential benefits of it, it would be difficult to walk away from a Doha agreement."

Gutierrez is supposed to meet with Brazilian officials, including President Luiz Inácio Lula da Silva, in Brazilian capital Brasí­lia.

This Thursday, October 11, he will inaugurate a committee of top business executives from both Brazil and the U.S. The executives will develop an agenda of recommendations for the governments of Brazil and the U.S. designed to promote trade and investment.

"The important thing about the (Brazil-U.S.) CEOs Forum is that it is led by the private sector," Gutierrez said. "They will be telling governments what they think is necessary to develop the path toward greater trade, investment and job-creation."

Specifically commenting on the Brazilian business environment, he said: "The complexities of Brazil's business environment are often a barrier to doing business. These include high tariffs, the tax burden and a judicial system that is slow to enforce business law."



You May Also Like

Decoration Made in Brazil Only for the Well- to-Do

At the Chacur store, which sells accessories for curtains in São Paulo, Brazil, details ...

How Big Oil Can Avoid Being Left Out in the Cold Now that Brazil Is Hot Property

The recent discovery of potentially vast oilfields buried beneath a thick layer of salt ...

Despite Weak Dollar Brazil Exports Grow 28%

Despite the devaluation of the United States dollar against the Brazilian real, Brazilian exports ...

Sweeping Changes in Brazil on How Oil Riches Are Spread

Brazil is set to unveil today, August 31st, a sweeping reform of regulations covering ...

Better Credit Rating for Brazil Gives Bulls a Boost

Latin American stocks advanced strongly, with Brazilian shares getting a boost from an upgrade ...

A Warning from Molson Coors to Brazil: Make Money or Else

In a recent meeting of its board of directors, Canada-based Molson Coors Brewing Company ...

Brazil’s Finance Minister Promises Long Cycle of Growth

In testimony before the Brazilian Senate Economic Affairs Commission (CAE), Brazil’s Minister of Finance, ...

Consumer and Capital Goods Drive Brazil Industry Up

André Macedo, economist with the Division of Industry of the IBGE (Instituto Brasileiro de ...

Even if Slowly Jobs Continue to Expand in Brazil

Brazil’s government statistical bureau (IBGE) has released data for January showing that job growth ...

Five Million Kids Still Working in Brazil

Despite all the efforts by the Brazilian government to end child labor, there are ...