SAO PAULO: Industrialists from Brazil and the United States have agreed to work together to bring down barriers imposed by their governments that have thwarted a long-sought world trade deal.
Leaders of two powerful lobby groups, the US National Association of Manufacturers (NAM) and the Federation of Industries of Sao Paulo State (FIESP), said they were committed to helping achieve a fair and balanced free trade agreement under the auspices of the World Trade Organisation.
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SAO PAULO (Dow Jones)–Two powerful manufacturers associations, one from the U.S. and the other from Brazil, said Friday they will unite to advance worldwide trade liberalization at the Doha round of trade talks.
“In order to aid success in the Doha negotiations, the two entities have opened a bilateral dialog to suggest solutions for a wide range of issues,” said the Sao Paulo Federation of Industries, or Fiesp, and the U.S. National Association of Manufacturers, or NAM.
“This is a time when we need to make progress and progress depends on all parties,” said John Engler, president of NAM. “Industry is part of the solution.”
UPDATE (Saturday, 3:15 p.m.): Et Français!
UPDATE: (Sunday, 5:15 p.m.): The Dow-Jones story is now available here.
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