U.S. trade rep surprised by India, Brazil
|
| Posted
:
Fri, 22 Jun 2007 12:24:00 GMT |
| By
:
Business News Editor |
| Category
:
Finance (General) |
| News Alerts by
Email ( click
here ) |
Finance General News |
Home
|
|
|
|
|
|
POTSDAM, Germany, June 22 U.S. trade representative Susan Schwab said she was surprised at the "rigid" stance of India and Brazil in helping doom the G4 trade talks in Germany. In an interview in Potsdam with the Financial Times, Schwab said the two nations' fear of growing Chinese imports was behind their decision to prompt collapse of the talks Thursday. The United States had long been a strong advocate of the international trade issues.She told the Financial Times India had convinced Brazil to stick to a strategy that went directly against its own economic interests."Brazil chose (developing country) solidarity over its economic interests," she said. Schwab indicated she felt that neither country had figured out how to provide leadership to the developing world, the newspaper said.Copyright 2007 by UPI
|
|
|
|
|
|
Related News
Poland want to cut budget deficit by reducing pension payments
Warsaw - Poland wants to reduce its deficit by reducing payments to private pension funds while keeping that money in the state's social insurance company ZUS, the Finance Ministry said Wednesday. Under the proposal, private pension funds would recei...
IMF unfreezes standby loan after Serbia promises spending cuts
Belgrade - The International Monetary Fund (IMF) will unfreeze funds from a 4-billion-dollar standby loan to Serbia, which in return must curb spending and reform its social care system, officials said Wednesday in Belgrade. The head of the IMF missi...
IMF recommends Iceland keep currency controls
Reykjavik - The International Monetary Fund (IMF) has recommended Iceland maintain currency controls for the time being in order to ensure a stable currency, according to a report released Tuesday. The Icelandic central bank published the 98-page rep...
Hong Kong's best-known war reporter fights for her life savings
Hong Kong - The family of Hong Kong's most celebrated war correspondent Clare Hollingworth said Sunday they were taking bankruptcy proceedings against a public relations consultant who withdrew 200,00 US dollars of her savings. Legal papers were serv...
Norwegian central bank raises rate to 1.50 per cent
Oslo - Norway's central bank on Wednesday raised its benchmark interest rate by 0.25 percentage points to 1.50 per cent, citing slightly higher inflation and signs of economic recovery. Unemployment is considerably lower than previously projected. T...
Liechtenstein reworks tax information sharing with Belgium, Antigua
Vaduz - The principality of Liechtenstein announced Monday that it had negotiated agreements on sharing tax information with Belgium and Antigua and Barbuda, part of an ongoing effort to meet openness standards demanded by other nations. Once signed,...
Estonia may need deeper budget cuts to adopt euro, says IMF
Tallinn - The Baltic state of Estonia may need to make deeper-than-planned cuts to its public spending if it is to qualify for euro adoption in 2011, a representative of the International Monetary Fund (IMF) said Monday. Speaking at the conclusion of...
|
|
|
|
|
|
|
|
