Left Menu
Development News Edition

Appeal to Trump could clinch Brazil OECD membership -ministry

An appeal to U.S. President Donald Trump by President-elect Jair Bolsonaro to lift Washington's opposition could allow Brazil's entry to the Organization for Economic Co-operation and Development (OECD), the finance ministry said on Wednesday.

In a report on economic prospects for Bolsonaro's incoming government, the ministry said the main obstacle to Brazil's request to join the OECD made in May 2017 was opposition by the United States and the U.S. Trade Representative's office in particular.

"A direct appeal to the U.S. president by the president-elect would make a fundamental difference," the report recommended.

The 37-member OECD is a forum for democratic countries with solid market economies. In Latin America, only Chile, Mexico and Colombia are members, but not the region's largest economy, Brazil.

The ministry said Brazil's application is well advanced and should be ready in March.

Bolsonaro, a far-right politician who shares Trump's conservative nationalist views, takes office on Jan. 1, promising to adopt orthodox economic policies in one of the world's most protected economies.

The ministry's report said the United States has been committed to backing Argentina to join the OECD, but Brazil's South American neighbor has hardly begun the accession process.

The report added that the U.S. Trade Representative's office has opposed Brazil's entry, citing "anachronistic positions that Brazilian governments have taken in trade negotiation organizations" while the Federal Reserve and the Treasury and State departments back its membership. (Reporting by Marcela Ayres; editing by Jonathan Oatis Writing by Anthony Boadle)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

SDG13: How you can reduce global warming by changing your food habits

The mega narratives of various international organizations give the impression that fighting global warming is only a job of government agencies. However, the European Investment Bank EIB has designed a questionnaire which besides making th...


Latest News

RSS veteran Dhanprakash Tyagi dies

RSS veteran Dhanprakash Tyagi died here on Friday at the age of 103. Tyagi, who joined the Rashtriya Swayamsevak Sangh in 1943 in Delhi, worked in Ambala, Hisar, Shimla, Aligarh, Jaipur and several other places and was in jail when the RSS ...

India beat New Zealand by 44 runs courtesy DLS Method in an ICC U-19 World Cup encounter in Bloemfontein.

India beat New Zealand by 44 runs courtesy DLS Method in an ICC U-19 World Cup encounter in Bloemfontein....

Police: 2 dead after warehouse explosion shakes Houston

Houston, Jan 24 AP Two people died after a massive explosion on Friday levelled a warehouse in Houston, damaging nearby buildings and homes and rousing frightened people from their sleep miles away, authorities said. The explosion happened ...

Leaders call for stakeholder responsibility at WEF annual meet

Leaders from across the world made a call for stakeholder responsibility to make 2020s a decade of delivery as the 50th WEF annual meeting came to an end on Friday after five days of hectic discussions. Several leaders also opined that tran...

Give Feedback