As U.S. Seeks A Trade Accord, Brazilians Recall Discord
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The value of Sadias annual exports is about $700 million.
Sadia does not export to the U.S. because the companys health and technical procedures do not precisely match American requirements.
Mr. Furlan calls the U.S. regulations “a form of protectionism.”
The goal of the meetings in Ecuador is to develop a blueprint for negotiating a free-trade zone from Canada all the way to the southern tip of Argentina.
The result of an expansion of NAFTA would be that it would establish common principles for regulating investment, labor practices and the environment.
Brazils newly elected president; Luiz Inacio daSilva characterizes the new free-trade deal as a “tantamount to an annexation of Brazil by the U.S.
Brazilian farms are huge and highly mechanized.
The number one export of Brazil is small and medium-sized airplanes, produced by Embraer.
A free-trade pact would eliminate the steep American tariffs of more than 300 percent on tobacco and sugar and more than 100 percent on orange juice.
Brazilian farmers are angry about U.S. government subsidies for cotton, soybeans, and sugar because it sent world prices plunging and wiped out most of their profits this year.
The “Washington Consensus” for economic development is privatizing state owned companies, opening markets to more competition, attracting foreign investment and doing everything possible to tame inflation.
Brazils economy has slowed to a crawl. Interest rates, among the highest in the world, begin at 21%.
Marcos