Itamaraty complains of fare at WTO: ‘arbitrary tariffs announced in a chaotic way’; See full

The Secretary of Economic and Financial Affairs of Itamaraty, ambassador Philip Gough, condemned, in a speech presented at the World Trade Organization (WTO) on Wednesday (23), “arbitrary” tariffs, announced and “implemented in a chaotic way”. The Brazilian representative, however, does not directly quote US President Donald Trump. Nine days from the scheduled date for the implementation of the “tariff” announced by the Republican, the government argues that it does not intend to leave the negotiation table. 🔎In the last day 9, Donald Trump has announced that the US government will tax Brazilian products for 50% sold in the US market from August 1. Alckmin gathers with Big Techs to discuss Trump’s tariff An intervention in the WTO is among the measures considered by President Luiz Inacio Lula da Silva (PT) in an attempt to contain the implementation of 50% tariffs on Brazilian exports in US territory. The president has also stated that he evaluates reacting with the economic reciprocity law, and reacts with similar rates if negotiation measures are not effective. The government saw in the measures an attempt to intervene in the sovereignty of the country. In Wednesday’s speech, the Brazilian government envoy pointed out that such measures “are interrupting global value chairs and risk launching the world economy into a high price spiral and stagnation.” In addition, such unilateral sanctions “are equivalent to a blatant violation of the fundamental principles that support the WTO and are essential for the functioning of international trade.” Lula and Trump have been starring experts, according to experts, the worst moment of bilateral relations between Brazil and the United States Getty Images via BBC use of tariffs such as threats Ambassador Philip Gough also said that in addition to “widespread” violations to international trade rules, we are “witnessing an extremely dangerous change towards the use of tariffs as a tool in attempts to interfere with internal affairs of others countries “. “We will continue to prioritize negotiated solutions and trust in good diplomatic and commercial relations. If negotiations failed, we will resort to all available legal means to defend our economy and our people – and this includes the WTO controversy system.” In the view of the Ministry of Foreign Affairs, negotiations based on “power games” are dangerous shortcuts for instability and war contexts. “Given the threat of fragmentation, the consistent defense of multilateralism is the way to follow. We still have time to save the multilateral trade system. Brazil is still ready to discuss and cooperate in this goal,” he continues. See the full speech: “Mr President, Mad of General, Dear colleagues, Brazil has always been an engaged and firm defender of the multilateral commerce system. Eight decades have passed since the creation of the United Nations and the construction of the Gatt/WTO system, and this year the WTO celebrates its 30th anniversary. Unfortunately, at this very moment, we are witnessing an attack without preceding the multilateral system of trade and the credibility of the trade and the credibility of the WTO. Arbitrary tariffs, announced and implemented in a chaotic way, are disorganizing the global chains of value and risk launching the world economy in a spiral of high prices and stagnation. Such unilateral measures are a flagrant violation of the central principles that are essential for the functioning of international trade. From the most favored nation, and the risk of compromising legal coherence and predictability of the multilateral trade system. They also destabilize the balance of access to traded markets over several decades in GATT and WTO. Being governed by dynamics of power, creating imbalances at a particular detriment of developing countries. In addition to the generalized violations of international trade – and even more worrying – we are now witnessing an extremely dangerous change towards the use of tariffs as an interference attempt in internal affairs of third countries. Separation of powers, respect for international norms and belief in the peaceful solution of controversy. We will continue to prioritize negotiated solutions and trust in good diplomatic and commercial relations. Imperative that we all work together in support of a multilateral rules -based trade system. It is essential that the WTO recovers its role as all countries can solve controversy and affirm legitimate interests through dialogue and negotiation. to the cry of a fearful humanity for its future. Only then can we stop passively watching the advance of inequality, the absurdity of the wars, and the destruction of our own planet. ” The failure to find a path that takes us ahead only to promote a negative spiral of measures and contracted ones that will make us poorer and most distant from the objectives of prosperity and sustainable development. Brazil is ready to start working on a structural and comprehensive reform of the WTO. Economies, which have benefited the most from the trade system, should lead by example and take firm actions against the proliferation of unilateral trade measures. Savings in development, which are the most vulnerable to commercial coercion acts, should join in defense of the multilateral rules -based trading system. Multilateralism is the way to follow. We still have time to save the multilateral trade system. Brazil is still willing to discuss and cooperate with this goal.

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