Iowa Public Television

 

Brazil Pushes for Global Trade Agreement

posted on June 2, 2006


Brazil's President said he is willing to meet anywhere soon to help push world trade talks forward before July's Group of Eight summit. President Luiz Inacio Lula da Silva said he thinks a breakthrough in negotiations for a global trade treaty is still possible, although the talks have been deadlocked for the past six months despite high-level negotiating sessions.

On Monday, the European Union called on the U.S. to rescue the trade talks by matching its offer to cut farm subsidies.

Countries like Brazil have said they won't open up their markets until rich countries make concessions on their agricultural tariffs and subsidies.

Silva said he and the president of France had an "intense" conversation that left the Brazilian leader optimistic about a breakthrough.


Tags: Brazil news South America trade