Word: braziller
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...important to build a momentum to move ahead," Courtis said, "because if you don't, we risk losing a lot of what we spent 20 years building. We're in a new game, and basically that new game can be played only if Brazil and the U.S. join and drive this process." If they do, and the FTAA is realized, Courtis said, it would lead to a substantial increase in investment in Latin America, higher growth, lower inflation and, over time, much better fiscal positions for the whole region. "It creates a self-reinforcing dynamic on the upside...
...That too, however, required political will. On that topic, the most skeptical panelist was the dean of U.S. economic experts on Brazil, Albert Fishlow, senior economist at the investment firm Violy, Byorum & Partners and head of the Center for the Study of Brazil at Columbia University in New York City. While Brazil has committed itself to the FTAA process, he said, there are few grounds for assuming that the country will be interested in speeding up the trade negotiations. Brazil is scheduled to preside with the U.S. over FTAA trade meetings in 2003 and 2004, so Brazilian officials...
...Mexico, the U.S. partners in the North American Free Trade Agreement, but they are still evident. In South America, Argentina has been engulfed by a paralyzing financial crisis that threatens the cohesion and possibly the fate of the Southern Cone trading bloc known as Mercosur (which also includes Brazil, Paraguay and Uruguay...
...support that view: the hemisphere resembled a checkerboard of multiplying trade quarrels. Just two weeks ago, despite their intimate NAFTA partnership, Canada and the U.S. moved to the verge of a multibillion-dollar trade war over softwood lumber; it came not long after a bruising spat between Canada and Brazil that involved subsidies to airline sales and, briefly, a shutdown in the beef trade. Brazil was in a row with the U.S. over the pricing of generic aids drugs that added another thorn to a perennially prickly relationship...
...unrestrained tariff cutting will undermine the hard-fought gains in living standards won by their members. Try to get U.S. trade negotiators to discuss eliminating sugar subsidies or lowering steel tariffs, and "they won't address the question face to face," complains Antonio Simões, the head of Brazil's trade negotiating team...