WTO President says Bolsonaro raises "optimism" for international trade | Economy

"What I hear from the delegations that come to maintain me, it is up to a certain optimism from the point of view of the commercial liberation, the greater openness of the Brazilian economy to international trade, "Azevêdo told Brazilian journalists in Washington. where he received the National Council of International Trade (NFTC) Personality Award of the Year.

Foreign sympathy for the new presidency, according to the Brazilian head of the WTO, is also cautious.

"This shows in a positive general, but they are all still waiting to see what measures will be adopted effectively," he said.

"The economic team needs time to structure your strategy and put trading partners such as Brazil will behave.

"People are watching closely," Azevêdo continued.

For part of the international community, critics of the elected government within multilateral bodies and measures such as the controversial transfer of the Brazilian Embbady to Israel, beyond the eventual withdrawal of the Paris Agreement, are a source of market insecurity and may financial for Brazil's foreign trade.

during the G20 summit meeting (group of the 20 largest economies in the world), in Buenos Aires, the President of France declared contrary to the signing of major trade agreements with countries or groups of nations not in compliance with the Paris Agreement, whereby countries commit to reduce greenhouse gas emissions and reduce global warming.

"There has been a major political change in Brazil recently, so Mercosur must take into account the impact of this change," Macron told reporters on the 29th. "19659010]" On the French side, I do not agree with the signing of general trade agreements with countries that do not comply with the Paris Agreement. "

The agreement has been negotiated for 18 years, according to Itamaraty.

On the eve of the French declaration, the retired captain badumes responsibility for the decision of the Brazilian government of cancel COP-25 (UN Climate Conference, to be held in 2019).

Asked about the controversy by the BBC News Brazil, Azevedo said that he did not opine because the negotiations between the two blocs is going on outside the WTO.

But the big theme of the G20, the controversial phase between Brazil and France, was the joint statement signed by the leaders of the For the Brazilian, who has led the WTO since 2013 and faces a protectionist and nationalist wave gaining strength in the various countries, the text is a cause for celebration.

With a subtle mention and indirect to the importance of multilateralism in the commercial this – the United States would have vetoed the inclusion of this term in the final text – the document signed by the leaders eventually gave rise to frequent criticism of Donald Trump by the WTO that the Organization is "unfair" and "mistreats" the United States.

One of the world's major multilateral economic entities, along with the IMF and the World Bank, is responsible for regulating trade and mediating trade disputes between member countries.

"The statement in the trade area recognizes the difficulties we face, recognizes that the multilateral system of the WTO contributes to economic growth, job creation, development and recognizes that the system multilateral contribution, can and should improve, "said Azevêdo Wednesday in Washington.

For the international community, the signing of the G20 document will dehydrate, at least in the medium term, the rumors circulating in Washington since the beginning of the Trump administration on a possible exit from the agreement of the states -United.

"We support the necessary reform of the WTO to improve its functioning and we will examine the progress of this measure at the next summit," the text said at the end of the meeting.

Restructuring was already one of the banners raised by the organization in recent months as a way to calm things down in the White House. According to Azevedo, the next step is to submit the G20 talks with other members of the WTO – 164 countries.

"This message comes from the G20, which is a very important and expressive majority of world trade, but the other WTO members must be part of this process and I think this discussion needs to be broadened and debated at Geneva in more depth. " to define how we will progress, "he said.

• G20 meeting ends with agreements on global trade and climate change

Posted at the beginning of last month, a joint proposal of the states United States, Japan, the European Union, Argentina and Costa Rica to increase the transparency of the organization and improve your reporting system could be the first step towards reform

The new consensus already reached on other points under discussion, such as the sanction of countries denounced for violation or distortion of trade rules, could be accelerated by the adoption of "plurilateralism" in decisions

Today, the multilateral system of the institution provides that agreements should be signed only if all member countries agree – which tries to ensure a balance but also generates d In the plurilateral model, some decisions could be made by small groups of countries, which would speed up the process, but it should elicit criticism from those who do not have a vote.

The G20 meeting of Presidents Donald Trump and Xi expected. Jinping, in front of the leading commercial hostility between the United States and China, ended with an armistice signal between the two countries – at least for three months.

After exchanging compliments, the two presidents agreed to suspend the implementation of the new tariffs by the United States on products imported from China. Prior to the meeting, the Americans had promised to raise the Chinese import duties from 10% to 25% from January 10th.

"The WTO offers a privileged forum for this discussion," Azevedo told Washington.

On the one hand, the United States wants, for example, to put an end to the way China currently deals with the transfer of technology through foreign multinationals, with state subsidies to companies and intellectual property conditions.

On the other hand, the Chinese seek the support of the organization to reduce the interference of the United States government in the country's agricultural production. They also want the United States to stop selling products abroad at prices lower than those on the market (a practice known as dumping, which China is also accused of.