Wall Street and Frankfurt Behind Brazil, Says US Ambassador

    The American Ambassador to Brazil, John Danilovich, said today that he views
    Brazil as “the anchor of South America.”

    At a luncheon with over 130 Brazilian and American businessmen at the
    American Chamber of Commerce in São Paulo, the Ambassador commended President
    Luiz Inácio Lula da Silva for his effort on behalf of political stability in
    Latin America and in pursuit of sustainable development.

    “We support, esteem, and applaud Brazil’s leadership,” he affirmed.

    Danilovich also highlighted the performance of Antônio Palocci at the helm of
    the Ministry of Finance and Henrique Meirelles in the Central Bank.

    “Palocci and Meirelles’ efforts have been recognized and appreciated not only
    on Wall Street, but in London and Frankfurt, as well.

    “There is a recognition of the steps taken by President Lula’s government in
    the direction of sustainable development,” he said.

    “It is the hope of the international community that he carry on in this
    direction,” he observed.

    The Ambassador recalled the importance of the visit made to Brazil early this
    month by American Secretary of State, Colin Powell.

    “He didn’t come to visit various Latin American countries. He came just to
    Brazil. This is an extremely important trip for an American Secretary of State
    and shows the United States’ respect for Brazil,” Danilovich declared.

    The protection of industrial property and copyrights and the registration of
    patents were among the topics discussed by the businessmen who attended the

    The American Ambassador said that he understands the frustration some sectors
    feel with respect to Brazil, and he guaranteed that the protection of patents
    and intellectual property is very important to the American government.

    “We are familiar with this problem, and we shall analyze it,” he assured.

    “The Brazilian government makes progress, but at times it seems to diminish
    its efforts, and we find this unacceptable,” he concluded. The matter had
    already been broached by Powell during his visit to Brazil.

    According to Danilovich, the Free Trade Area of the Americas (FTAA) should
    gain impetus starting in January, 2005.

    “I think that the whole process will be accelerated,” he said.

    The Ambassador asserted that the Bush Administration is strongly committed to
    increasing trade between the United States and the countries of Latin America
    and that this policy will continue in a new term of office.

    Sustained Growth

    “The country is getting ready to embark on a lasting cycle of sustained

    This declaration was made, by the president of the Central Bank, Henrique
    Meirelles, in a rebuttal of criticisms of the way the institution is conducting
    monetary policy.

    Accordng to Meirelles, Brazil’s economic condition, with the resumption of
    growth, is a demonstration that this policy is moving in the right direction.

    Meirelles underlined this year’s export growth as indicative of the positive
    results of the government’s policy.

    “It is important for the Central Bank not to be carried away by desires for
    immediate results, but chiefly by concrete steps that experience shows will lead
    to concrete results,” he said.

    Agência Brasil
    Translator: David


    • 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.


    You May Also Like

    Brazil Is Main Attraction in Cuba’s Fair

    Brazil is the guest of honor at the 14th International Book Fair in Havana, ...


    The present battle for power and positions stems from the fragmented nature of Brazil’s ...

    Dekasseguis Send More than US$ 1 Billion a Year to Brazil

    The 280 thousand Brazilians currently living in Japan – almost all Japanese descents, called ...

    Nobel laureat Paul Krugman from the United States

    US Nobel Krugman Sees Brazil and LatAm Changed Relations with Obama

    US economy Nobel laureate Paul Krugman anticipated that relations between the United States and ...

    Bureaucracy Is Hurting Brazil Coffee Overseas

    Brazilian coffee producers’ exports revenues increased by 26.6% in the first eight months of ...

    EU Doubts It Will Reach Agreement with Brazil and Mercosur

    The European Union does not believe a free trade agreement with Mercosur can be ...

    Brazil Ends Market Week in Selling Mood

    Latin American equities gave up some of the gains earned yesterday, as Brazilian traders ...

    Brazil Expecting Lower Surplus in 2006

    Brazil’s exports totaled US$ 2.1 billion in the third week of February, as against ...

    Brazil Is Hip in Moscow

    Today marks the start of the “Brazil-Russia Fashion” exposition, a presentation of Brazilian jewelry, ...

    Brazil Inflation Won’t Make the 5.1% Official Target

    Forecasts for this year’s inflation have been rising for five straight weeks, increasingly removed ...