Lula hints at Doha deal
Brazilian president Luiz Inacio Lula da Silva has voiced his confidence that agreement on the Doha trade talks will soon be reached.
Lula was speaking after a meeting with European Commission president Jose Manuel Barroso in Brasilia.
As a major world agricultural producer and an informal spokesperson for the developing world, Brazil has not always seen eye to eye with the European Union, whose Common Agricultural Policy significantly distorts world markets for foodstuffs.
However, Lula said yesterday: "Don’t be surprised if pretty soon we come to an agreement in the Doha round."
Talks have been bogged down in disagreements over subsidies and tariffs since the round was launched in 2001, but there are now signs of movement – particularly earlier this week when agriculture commissioner Mariann Fischer Boel hinted at impending ministerial meetings.
The effect on Brazil of a liberalisation of international trade could be profound, stimulating still further an economy that grew by 5.4 per cent in 2007.
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