• Categories
  • Archives

For Brazil, US and EU Subsidies Can Only Be Dealt With at the WTO

Despite the absence of favorable prospects for the upcoming Doha Round negotiations, the Brazilian Minister of Foreign Relations, Celso Amorim, reiterated that multilateral agreements in the setting of the World Trade Organization (WTO) remain a priority of the Brazilian government.

Not only in consequence of the diversity of Brazil’s trade partners, but, principally, in view of the impracticality of pitting forces against the developed countries in bilateral or regional negotiations, he added.

"The major distortion that exists at present is in agricultural trade. Within this distortion, the chief factor is the existence of lavish agricultural subsidies, perpetuating feudal vestiges that produce unemployment, hunger, and poverty in the developing countries," he affirmed.

"There is no way to deal with this issue in a regional framework, in an eventual FTAA (Free Trade Area of the Americas), nor in the context of the European Union. Only in the WTO," Amorim opined, after a public hearing in the Chamber of Deputies.

The Minister said he believes that in a bilateral "arm wrestling match" Brazil would never have won the victories it achieved against US cotton subsidies and European sugar subsidies.

"It would be impossible to imagine, because there would have been neither a dispute settlement system nor rules allowing the objections we raised," he judged.

"A negotiation on the regional level, if not previously offset by good multilateral rules, would probably do harm to various sectors in Brazil," he concluded.

Inaugurated in 2001 at the 4th WTO Ministerial Meeting, in Doha, capital of Qatar, for the purpose of establishing fairer trade rules, the new round of negotiations – referred to as a development round – did not make headway in 2003 at the 5th Ministerial Meeting, in Cancun, Mexico, and was given an extension through 2007.

The Hong Kong Summit, set for December, is already being regarded as a vital moment for the Doha Round.

Agência Brasil

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Your email address will not be published.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

Brazil Gets Green Light for Angra III and Plans Another 4 Nuclear Power Plants

Brazil’s Angra III nuclear power plant has been granted a construction license by the ...

Housing and Food Drive Inflation Up in Brazil

Inflation in Brazil during the period between July 14 and August 13, gauged by the ...

The Atlantic Forest used to cover the whole Brazilian coast

German State Bank Invests US$ 11 Million in Brazilian Forest

KFW (Kreditanstalt für Wiederaufbau), the German government owned  Development Bank, is going to invest ...

Matte Leão, a traditional

Brazil’s Centenary Matte Leí£o Has Joined the Coke Family

In an eloquent demonstration of its apparently insatiable thirst for Brazilian companies, Coca-Cola has ...

Saudi Arabia Orders 15 Jets from Brazil’s Embraer

Saudi Arabian Airlines is going to purchase 15 aircraft of the Embraer 170 model. ...

US Judge Hears Investors Claiming to Be Defrauded by Petrobras

Brazil’s state-run oil company Petrobras urged a U.S. judge to throw out an investors’ ...

The African Diaspora Gathers in Salvador, Bahia, Brazil

From today, July 12, to Saturday, July 15, the city of Salvador, in the ...

Coming Out in Brazil

A candid talk with Beyond Carnival’s author James N. Green. Says he, "I understood ...

Morumbi Favela spreaded around the rich Morumbi neiborhood in São Paulo, Brazil

Brazil Is a Fearless Country. And That’s Its Weakness.

Last week during a flight between Paris and Baku, Azerbaijan, I had the opportunity ...

Brazil Decides to Accept Reais for International Deals

With permission by the Brazilian government for payment in the national currency abroad exporters ...