WASHINGTON — Brazilian President-elect Luiz Inacio Lula da Silva, who met with President Bush on Tuesday, said he is committed to creating a Western Hemispheric trade zone, but warned that Brazil will fight for the elimination of unfair...
WASHINGTON — Brazilian President-elect Luiz Inacio Lula da Silva, who met with President Bush on Tuesday, said he is committed to creating a Western Hemispheric trade zone, but warned that Brazil will fight for the elimination of unfair subsidies and trade barriers, particularly in the agricultural sector."The protectionism of rich countries who use subsidies and trade restrictions is seen as the number one main cause that gets in the way of growth for developing countries," Lula said at a news conference at the National Press Club.As the first elected leftist leader in Brazil, Lula is trying to shore up confidence among international investors about his economic policies and reassure them he will not default on Brazil’s massive foreign debt. Brazil is Latin America’s largest economy and the eighth largest in the world.Among the topics Lula discussed with Bush was the hemispheric free-trade zone among the U.S. and 33 Latin American countries known as the Free Trade Area of the Americas. The U.S. and Brazil will co-chair the negotiations to complete the agreement that’s scheduled for 2005.But Lula has already voiced opposition to the comprehensive pact, accusing the U.S. of trying to annex Latin America through the pact. White House press secretary Ari Fleischer told reporters that Bush talked to Lula "about general economic conditions in South America," and noted the "mutual interest in keeping trade a centerpiece of United States-Brazilian relations."On Tuesday, Lula said: "We are ready to negotiate [the FTAA] under equal conditions. We will be as tough as the Americans are in negotiations, but when we come to an agreement, we will be loyal to our commitments."The 34 countries involved in FTAA talks are currently trying to advance market access negotiations and exchanging initial offers on tariff reductions.In addition to the politically sensitive issue of textile and apparel tariff phaseouts in the U.S. and other countries during FTAA negotiations, trade officials will have to decide how to drop barriers on agricultural products — one of Lula’s top priorities. A dispute between Brazil and the U.S. over cotton subsidies is one example of the kind of trade barriers Lula vowed to fight.Brazil requested consultations with the U.S. under World Trade Organization rules on Sept. 27 to discuss its claims that the U.S. was providing illegal cotton subsidies to U.S. farmers that were causing serious injury to Brazilian growers by depressing world cotton prices. A resolution between Brazil and the U.S. was not reached during consultations last week in Geneva. Brazil must now decide whether to request the establishment of a WTO panel to rule on its claims.
“I grew up in New York but I hadn’t really experienced the city in any type of touristy way…This was probably the first museum I really explored and took the time to see,” said @haileybaldwin of the @whitneymuseum. On Tuesday night, Baldwin was joined by Jemima Kirke and more at the annual Whitney Museum Gala and Studio Party, which honored Lorna Simpson, Joanne Leonhardt Cassullo and Beth Rudin DeWoody. See more photos on WWD.com. #wwdeye (📷: @lexieblacklock)
Displayed starting this week at the @fashiontextilemuseum: An exhibition on designer @orlakiely titled “Orla Kiely: A Life in Pattern,” which spans two decades and contains more than 150 pieces. “I want people to come away loving pattern and print. It’s something that makes you feel so good,” said the designer during a preview of the exhibit. Also on show are mood boards, samples, sketches and more. Head to WWD.com to see more photos. #wwdfashion
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
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“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion (📷: Dan Doperalski)