EU to Offer US$ 1.6 Billion to Fund Poor Countries’ Agriculture

Agriculture in Brazil During the recent G8 summit held in Hokkaido, Japan, European Union (EU) officials announced that the EU plans to make available 1 billion euros (US$ 1.6 billion) to support agriculture in developing nations. The objective behind the initiative is to increase global food production rapidly, stated the president of the European Commission, José Manuel Durão Barroso.

"The European Union is ready to provide new stimulus to the agriculture of developing countries," stated Barroso, recalling that the bloc had already turned 550 million euros to investment in the sector in 2008. "Additional measures are necessary," he said.

The Europeans fear that the food places at risk the millennium development goals. They are also concerned with the oil price hikes, as the barrel has exceeded US$ 140. According to Durão Barroso, the EU plans to discuss with the leaders of the G8 short-, medium- and long-term measures for the fuel price hikes.

"We must find solutions to structural problems like the great dependence on fossil fuels," pondered Barroso.

The EU should also try to persuade the United States, France, Germany, Great Britain, Italy, Japan and Russia to take on the engagement of reducing greenhouse gas emissions by 50% between 1990 and 2050. The target had been defined at the bloc summit in 2007, in Heilligendamm, Germany, with the support of Japan and Canada.

"Developed nations may do more and engage themselves in reductions ranging from 60% to 80% by 2050," pointed out Barroso. But he stated that it is not enough to think of the future. "We must establish long-term objectives for our offspring, but we must establish medium-term targets for us."

Brazilian President, Luiz Inácio Lula da Silva, participated in the event with the leaders of the remaining countries of the G5 – China, India, Mexico and South Africa  -  plus Australia, Indonesia and the Korean Republic.

ABr

Tags:

  • Show Comments (1)

  • ch.c.

    Brazilian President, Luiz InÀƒ¡cio Lula da Silva, participated in the event…….
    ….AND DID NOT OPEN HIS FILTHY MOUTH…..as to how much this EU to Offer US$ 1.6 Billion to Fund Poor Countries’ Agriculture…..WILL REDUCE BRAZILIAN AGRICUTURAL EXPORTS !!!!!!!!!!

    And as to the reduction in greenhouse gas emissions it is quite funny that the developing nations are NOT WILLING to commit anything….especially knowing that on a per output basis they ALREADY POLLUTE MORE than developed nations.
    But that is fine, we will delocalize more and more the MOST POLLUTING industries…into…..YOUR COUNTRIES !!!!!
    To the point that YOU are going to get drown….into your pollution. We will provide you the medicaaments !!!!!!!!

    Is this not the globalization emerging countries expect ???????

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 Tragedy: Rio Ready to Remove Favelas Residents by Force if Necessary

After Rio’s tragedy, with over 223 confirmed deaths, 140 of them in Niterói, the ...

Brazil Hires Google and YouTube to Help Promote Brazilian Tourism

Brazilian tourism agency Embratur and Google have just launched a tool to promote Brazil ...

Brazil Is Right to Go to the WTO

Today’s defeat of the Grassley-Dorgan payment limit amendment in the U.S. Senate was a ...

Brazil Cinemas Must Show 35 Days of Brazilian Movies in 2005

Brazilian movie theaters will have to show Brazilian films for at least 35 days ...

Brazil Boom: Agribusiness and Machinery Give Paraní¡ State Best Year Ever

Sales by the industry of the southern Brazilian state of Paraná, from January to ...

Brazil’s Most Thorough Heart Study Ever Warns: Country Needs Prevention

The biggest ever study of heart problems in Brazil, which has been two years ...

Brazil’s Latest Growth Projection for 2006: No More than 3.3%

 Despite optimistic projections by President Luiz Inácio Lula da Silva and Finance Minister Guido ...

Brazil Burns Native Vegetation for Firewood Accelerating Desertification

Brazil’s Ministry of Environment (MMA) launched the primer, "Learning about the PAN-Brasil: the National ...

Americans in Brazil, Come November You Have the Right to Vote!

While the US general elections only happen on November 7, it’s time for the ...

Brazil’s Industry Lauds Tax Exemption for Foreign Investor

The president of the National Industrial Confederation (CNI), Armando Monteiro Neto, declared that he ...