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Friday, October 12, 2007

U.S. Needs Brazil to Save Doha Talks

Doha, the long-running trade talks envisioned to help millions out of poverty and increase global trade, has been hitting stalemates. U.S. and the European Union want to continue as is, but developing nations think the proposals are unfair and need to be revamped. Since the summer the World Trade Organization has been looking for some hope.

That is where Brazil comes. The Latin American powerhouse holds influence over many countries and the U.S. wants the nation to step up, speak for their behalf, and to convince the others to fall in line. Brazil, which has been a major player in the Doha talks, is hesitant to do so.

For the deal to come to light, every member of the WTO needs to agree to it. That means the developing countries must see some significant gains, which they think is not coming. Brazil, who has a strong agricultural backbone, feels that the talks are not based strongly there. Brazil has a booming economy and could continue to grow if more revisions to the deals would include agriculture. U.S. might have to let this in to have Brazil in their corner. Either way Brazil holds the fate for many people's future.

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