EU makes Brazil an offer
The European Union (EU) trade commissioner has offered to cut farm tariffs by 60 per cent in a bid to get the ball moving in the Doha round talks, it has been reported.
Peter Mandelson upped the EU’s offer from 54 per cent to kickstart talks and urged Brazil to match the move by cutting its industrial tariffs, according to Mercopress.
Those considering buying property in Brazil could be interested to hear President Luiz Inácio Lula da Silva is urging his neighbours to increase their trade ties and reduce dependency on the EU.
Celso Amorim, Brazil’s foreign minister, told the news agency emerging countries are already offering substantial concessions and the developed world should not expect too much.
Meanwhile, it was reported by the news provider yesterday (July 21st) that Lula called on European nations attending the Doha talks he wants to negotiate while still having the opportunity to develop in the 21st century.
