Bolsonaro calls for prudence in trade agreements with big powers

Image
IANS Sao Paulo
Last Updated : Dec 01 2018 | 12:35 AM IST

Brazil's President-elect Jair Bolsonaro on Friday called for prudent consideration before his country signs any trade agreements with other nations, a reference to the negotiations of a possible treaty between Mercosur (Brazil, Argentina, Uruguay and Paraguay) and the European Union.

According to Bolsonaro, Argentine President Mauricio Macro wants to "bring forward" treaty negotiations between the two economic blocs, a decision that the next Brazilian head of state prefers to take with more caution, as recommended by his future foreign minister, Ernesto Araujo, reports Efe.

"I spoke with our future (foreign) minister and he recommended having a little more prudence so that Brazil doesn't lose share of market there," Bolsonaro told reporters after taking part in a graduation ceremony for air force officers in the city of Guaratingueta, in the interior of Sao Paulo state.

The statement by Brazil's future president came a day after French President Emmanuel Macron told a G20 meeting in Buenos Aires that "I am not in favour of signing major trade accords with powers who have announced that they won't respect the Paris Agreement," a reference to the stand taken against that environmental protection accord by Bolsonaro, and which goes against the common position of the Mercosur bloc with regard to climate change.

"Macron will depend on France...Mercosur's accord with the European Union affects the interests of France, a country also dedicated to agribusiness," said Bolsonaro, leader of the country's growing far right and winner of the election held last October.

The president-elect also said he is considering "five exceptional names" to lead the Environment Ministry, a unit of government that Bolsonaro plans to put more at the service of developing the agriculture industry than protecting ecosystems, which has aroused criticism among environmentalists and other sectors of Brazilian society.

"We want an environmental policy that preserves the environment, of course, but not in the terrorist way it's being done now. This ministry isn't there to get in the way of farmers," he said.

--IANS

vc

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 01 2018 | 12:30 AM IST

Next Story