Brazil President: US Barrier
May Facilitate EU Trade Deal-Paper
Anthony Dovkants, Dow Jones Business News 6/3/2002

SAO PAULO -(Dow Jones)- President Fernando Henrique Cardoso Thursday said growing U.S. protectionism could facilitate a trade accord between the European Union and Latin America, according to the newspaper O Estado de S. Paulo.

The comments will likely serve as another warning to the U.S. that the North American nation's hopes of creating a Free Trade Area of the Americas is in danger of failing.

"I have always said that the problem with FTAA plan is the U.S. and not Brazil ," said Cardoso, whose government has been accused of dragging its feet on negotiating the creation of the FTAA because Brazilian  companies aren't sufficiently competitive enough to take on overseas players.

A week ago, the Ministry of Development, Industry and Foreign Trade said the FTAA may be delayed or fail to take shape in a world marked by increasing protectionism.

Comments by Cardoso and the ministry refer to recent moves by the U.S. to raise steel tariffs and farm subsidies at home.

Brazil Takes a Trade Stance and Offers a Warning to U.S
12/18/2001

By LARRY ROHTER with JENNIFER L. RICH, New York Times

RIO DE JANEIRO, Dec. 18 - US trade legislation excluding some of Brazil's main exports from negotiations for Free Trade Areas of the Americas prompts warning from Foreign Min Celso Lafer that any attempt by Bush administration to narrow negotiating agenda will be met with 'symmetric' response from Brazil; trade bill requires Bush to seek Congressional approval before reducing tariffs on nearly 300 products, among them some of Brazil's most important exports, including sugar, soybeans and orange juice (M)

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