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Deal drawback. (Tradetalk).

Brazilian President Luiz Inacio Lula da Silva, who initially called the Free Trade Area of the Americas (FTAA) an annexation by the United States, is now committed to tough talks to achieve a fair deal. The Brazilian government has labeled U.S. policies protectionist and is demanding trade concessions for its key industries such as agriculture and steel. If the United States wants a done deal by 2005, it will have to persuade the FTAA's largest partner to sign on the dotted line.

"We have a mutual interest in keeping trade as a centerpiece of U.S.-Brazilian relations."

--White House Press Secretary Ari Fleischer (AP)

"The question to watch here is how ambitious will Brazil be."

--U.S. Trade Representative Robert Zoellick (Reuters)

"Brazil is not going to throw itself into the arms of the FTAA to the detriment of the European Union or the World Trade Organization."

--Brazilian Foreign Minister Celso Amorim (Gazeta Mercantil)

"[The FTAA] is likely to be in a permanent vegetative state."

--Brink Lindsey, trade policy studies director at the Cato Institute (The Economist)

"We will be very tough, as tough as the Americans are in the negotiations, but when we come to an agreement, we will be loyal in our commitment."

--Brazilian President Luiz Inocia Lula do Silva (The Washington Times)
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Title Annotation:trade negotiations between US and Brazil
Comment:Deal drawback. (Tradetalk).(trade negotiations between US and Brazil)
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:3BRAZ
Date:Mar 1, 2003
Words:217
Previous Article:Distant neighbors. (Tradetalk).
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