• Categories
  • Archives

Giving Date for End of Subsidies Would Show US and EU Are Serious, Says Brazil

In a declaration issued today in Hong Kong (China), the 21 countries that form the G20 (the group of developing countries led by Brazil and China) once again affirmed that eliminating distortions in the rules of international agricultural trade is essential.

To them that’s the only way to ensure that the current round of negotiations in the World Trade Organization (WTO) really constitutes the "development round," as was proposed when it was launched three years ago in Doha, Qatar.

"The greatest structural distortion in international trade is in agriculture, through the combination of high tariffs, domestic supports, and export subsidies, which protect inefficient producers in the developed countries," says the document, which was drafted at the G20’s first formal meeting during the 6th WTO Ministerial Meeting, which got underway today.

When the meeting ended, the Indian minister of Trade and Industry, Kamal Nath, declared that "it is necessary to leave Hong Kong having advanced a step in the direction of ending the inequities and distortions in international trade."

Despite the widespread belief that it will be a tepid encounter, the Brazilian minister of Foreign Relations, Celso Amorim, is hopeful about the prospects for progress in Hong Kong.

"They still won’t be the advances we desire, but I believe that there will be progress permitting us to make more definitive advances at the beginning of the year," he remarked.

As an example of the type of step that could help get negotiations back on track, Amorim mentioned the possibility of defining a date for the end of export subsidies.

"This does not resolve other important problems, but it would represent a demonstration of seriousness on the part of the major subsidy-givers, especially the United States and the European Union," the minister judged, repeating comments he had made the previous night after a meeting among Brazil, Japan, the United States, the European Union, Australia, and India.

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Your email address will not be published.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

Minister Resigns Over Bolivia’s Retreat on Brazilian Refineries Take Over

The Bolivian government has suspended plans to nationalize without compensation two large oil and ...

Brazil’s Artefacto Furniture Takes International Road

The Artefacto chain of stores, with offices and factory in the state of São ...

For 20 Years the Ribeira Valley in Brazil Has Resisted. But the Odds Are Bad

In 1969, Brazilian guerilla leader Carlos Lamarca, member of the VPR (Popular Revolutionary Vanguard) ...

Brazilian Industry Says Disappointing Cut in Interests Brought Bitter Christmas

The Brazilian Central Bank’s Monetary Policy Committee (Copom) has lowered the country’s key interest ...

Brazil’s Lula Comes to Washington with His Bear-Hug Diplomacy

This Saturday, March 14, President Barack Obama will meet with Brazilian President Luiz Inácio ...

Ilhabela, Brazil’s Treasure Island, Gets Spruced Up for the World Cup

Ilhabela, an island off the coast of São Paulo state, 217 kilometers away from ...

US Drawing Money Back from Brazilian Market

Latin American markets fell, as Brazil and Mexico added to declines posted yesterday, while ...

Brazil & Neighbors May Be Rich, But They Are Economic Lightweights

Latin America has  some of the world’s largest countries, in terms of land area, ...

Fourteen Brazilian Women in a Book

I asked Prof. Szoka about the various typos throughout the book. She said that ...

Some Brazilian products sold in the US

A Stroll Down Brazil’s Memory Lane in Miami Beach

If you live or are visiting South Florida, think of Via Brasil, in Miami ...