Toolbox

PARIS (Reuters) - Brazil’s President Luiz Inacio Lula da Silva said yesterday the restoration of credit and the fight against the “drug” of protectionism were the most urgent problems facing G20 leaders meeting in London this week.

Rising protectionist sentiment around the world will also make it difficult to press on with the Doha round of world trade talks, he wrote in a column in French newspaper Le Monde before the meeting of leaders from the world’s 20 biggest economies.

As a major commodities exporter and one of the so-called BRIC emerging market powers along with Russia, China and India, Brazil has been a key player in the Doha round. Lula has previously urged leaders to complete the stalled talks.

“I know that it won’t be easy to conclude the Doha cycle,” he wrote of the seven-year-old round of talks. “In times of crisis, protectionism, which I see as a drug, rises.”

A dispute between India and the United States over anti-import surge protections for developing country farmers scuppered an effort to reach a trade deal last July.

Related Articles


You can follow responses to this article through its RSS feed.

Subscribe to our electronic edition or get home delivery!


Reader Comments

Leave a Reply

About Comments



The Comments section of this website is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness.

We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Curious about the little images next to each commenter's name ? Go here and sign up using the same email address you used to register for Stabroeknews.com then upload your image and confirm it.

More articles in Regional News