The initiative represents Brazil’s first concrete act in the area of international trade and is seen as the basis for rebuilding the multilateral system defended by Lula
Joe Biden, WTO facade and Lula
247 The administration of President Luiz Inácio Lula da Silva (PT) is committed to demanding changes in United States President Joe Biden’s foreign policy and an end to the paralysis of the World Trade Organization (WTO). The corporation responsible for setting the rules of world trade and considered strategic for Brazil is in a worrying state of neglect, and emerging economies fear the most powerful nations are enforcing their own standards, rules and behaviors and national exporters harm if the WTO is dismantled.
According to a column by UOL journalist Jamil Chade, Chancellor Mauro Vieira is due to present the Lula government’s position on the issue at a ministerial meeting in Paris this Wednesday (7). The report also highlights that the State Department “considers it ‘inconceivable’ that the WTO could simply die or be completely forgotten in order to save the organization”.
According to Chade, Mauro Vieira has already met with Don Farrell, Australia’s Minister for Trade and Tourism and coordinator of Wednesday’s meeting. “According to the reports of the talks, there was ‘complete agreement’ with the need to reactivate the WTO courts and revitalize the organization,” stresses the journalist.
The initiative represents Brazil’s first concrete act in the field of international trade and shapes the rebuilding of the multilateral system that Lula defended. During the G7 summit in Japan, the Brazilian president slammed rich countries and the undermining of international organizations.
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