Brazil’s Lula Believes Agreement on World Trade Will Happen in a Few Days

Bush receives Brazilian President Lula in Camp David Brazil and the United States expect that in the coming 30 days agreement on the Doha Round global trade talks can be reached, revealed Monday, April 2,  Brazilian president Lula da Silva during his weekly broadcast program.

Last Saturday, March 31, Brazilian President Luiz Inácio Lula da Silva met with US President George W Bush at the Camp David retreat and apparently reached some kind of understanding on the stalled World Trade Organization Doha Round talks plus asserting the "strategic" alliance between Brazil and the US in several fields.

"President Bush told the press he wants an agreement at WTO level. He said he was willing to reach such an agreement, and in the meeting with me, he personally insisted that in the coming days we must be ready to agree on the trade deal," said Lula.

The Brazilian president said that this week he will be phoning British Primer Minister Tony Blair and German Premier Angela Merkel, since Germany currently holds the EU presidency, to push for the Doha negotiations.

"If we reach a Doha Round agreement, I think it will be a great achievement, particularly for the poor world since we will be giving them an opportunity to join the XXI century," added Lula.

Last Saturday following the meeting with the Brazilian president, Bush addressing the US press said it was in the interest of the US "that we successfully finish these WTO discussions".

The four main actors of the Doha Round talks, Brazil, India, US and the EU, are scheduled to meet in mid April in New Delhi to find a compromise in agriculture, farming subsidies and markets access.

The Doha Round talks were launched in 2001 but were interrupted last year following disagreements in agriculture. Last January a new round of contacts was started to try and find common ground to proceed with negotiations.

The 150 WTO member countries have until next June 30 to find an understanding since on that date the special negotiations powers of the US Executive, granted by Congress, expire.

Developing countries are demanding for an end to farm subsidies and access to rich countries' markets, while the developed world is asking in exchange openings in services and for manufactured goods.

Mercopress

Tags:

You May Also Like

Brazil’s US$ 4 Bi Buyback of Foreign Debt Can’t Prevent Stocks Fall

Brazilian and Latin American stocks in general dropped, in line with the U.S. market, ...

US Recession Won’t Reach Copacabana Beach, Says Brazilian Minister

Thanks to a high global demand for agricultural products, ethanol and iron ore and ...

Brazil: Which Part of Poor You Didn’t Understand?

The current minimum salary in Brazil is R$ 240 (US$ 80). Official unemployment is ...

Brazil’s Lula: We Are Beggars No More!

In an interview to Brazilian radio stations, Brazil President Luiz Inácio Lula da Silva recalled ...

Costlier Fertilizer May Harm Brazil’s Sugarcane and Coffee Crops

High prices for soy and corn are spurring Brazilian farmers to plant more and ...

How Much Will Brazil Grow in 2012? 2.5%, Says Central Bank, 1.81%, Say Other Banks

When compared to May, Brazil’s GDP rose 0.75% in June. This is growth as ...

Foreign Investment in Brazil More than Doubles to US$ 31 Billion

The Brazilian Central Bank disclosed this Wednesday, November 28, that Foreign direct investment (FDI) ...

Protests Unite Brazilian Indians and Get Them Official Promises

Brazil’s National Free Land Indigenous Demonstration ended on Friday, April 29, in BrasÀ­lia. The ...

Brazilian Astronaut Gave Up Nasa to Celebrate Dumont’s Pioneer Flight

The Brazilian Space Agency (Agência Espacial Brasileira) (AEB) is in a race against time ...

Brazil’s Expomilk Brings Businessmen from US and Canada

The 14th edition of the Brazilian Dairy Cattle Exhibition and International Dairy Industry Expo ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`