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Rio Trade Talks Move US, EU and Brazil Closer to Solutions
Bank Of America Investment By Philip White
The EU said it would cut itshighest tariffs on food imports, and cut domestic farm support by 70%, up from 65%, in response to the US move. EU Trade Commissioner Peter Mandelson said all WTO members needed to be open and responsive to world needs. Brazil's Foreign Minister Celso Amorim told reporters that he was not satisfied with the US and EU proposals but that it was a step in the right direction and he hoped that trade talks would continue to progress accordingly.
Investment Opportunity (EUNN)London - Ambassadors from the U.S., EU and Brazil said they were moving closer to resolutions during the Rio talks to lower trade barriers and believe it may be possible to meet the April 30 deadline.
Rio in Brazil is highly recommended although travel agents do advise couples to go in the quieter period outside carnivale time (not because of danger, just crowds).
Banc Of America Investment European Union Trade Commissioner Peter Mandelson toldreporters at a press conference on Saturday that no definative answers had been made but that trade representatives weren't without a direction either.
Washington and its EU allies say it is time the U.N. nuclear watchdog agency sent Iran's case to the U.N. Security Council, which could eventually decide to impose sanctions on Iran. China has demurred, saying it would like talks between Iran and the EU trio to resume, but has not said it will try to block any move to report Iran to the Council. Russia, while sharing China's opposition to U.N. sanctions on Iran, has moved closer to the West's view on referral.
Banking Investment "We had a solid and substantive discussion, with some candid exchange on our red lines, where we cannot go, but also exploring some real possibilities of where we can go," said Mandelson.
Despite its size and its many natural resources, Brazil remains a pretty poor country. If you plan to spend some of your gap year in Brazil, we can help you get involved with volunteer projects that specialise in community development, conservation or teaching English. Community work with young children in Rio de Janeiro, Teach English in Rio de Janeiro and Favella renovation in Rio de Janeiro.
Investment Solution Strategic An April 30 deadline was set by World Trade Organization member countries to resolve differencesover duties on farm and industrial goods whilelowering barriers on foreign investments. WTO members have until July to work out the terms of the deal.
Andorra is a member of the EU Customs Union and is treated as an EU member for trade in manufactured goods (no tariffs) EU member for agricultural products.
Investment Banking Services Mandelson and Brazilian foreign minister Celso Amorim, U.S. Trade Representative Rob Portman and World Trade Organisation Director General Pascal Lamy met for two days of closed-door meetings in Rio de Janeiro.
Bank Investment Brazil, which is representing developing countries, wants cuts in agricultural import barriers while richer nationswant cuts in exporting industrial products and services in those markets.
Alternative Investment Amorim called the meeting "a substantial contribution to the trade talks."
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