Brazil should seek bilateral deals after WTO failure – exporters

by Dave

Forbes.com

The collapse of the Doha Round talks in Geneva on Tuesday was felt like a shock of cold water in Brazil, which had been hoping for greater access to U.S. and EU markets for its many agricultural exports.

Now, the country ‘will have to revise all its priorities,’ said Zoraya Rosar, the international coordinator for the National Confederation of Industry.

The top objective is to renew negotiations with the European Union and the Mercosur trade block in South America, as well as seeking deals with the United States, Mexico, India and other big economies.

Foreign Minister Celso Amorim, who spearheaded the WTO negotiations for Brazil, has already said the focus will now be on talks with Europe that were set aside during the global haggling.

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