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


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