Penalties had it not been for the Law on Treatment, a response from Congress against Trump’s tariff economy
President Louise Insio Lula da Silva Imposing a penalty for this Friday 11, without veto, Treatment LawAnd that define Brazil’s criteria for responding to one -sided measures adopted by countries or economic blocs that affect international competitiveness in the country. The draft law was approved last week by the Senate and the House of Representatives, in response to US President Donald Trump.
The punishment was confirmed by the Social Communication Secretariat (SECOM) for the Presidency of the Republic, but the text of the law should be published only in the Federal Official Gazette (DOU) on Monday 14.
The law creates standards for the executive authority to suspend commercial privileges, investments and obligations related to intellectual property rights.
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This suspension should happen in “responding to unilaterally or policies, policies, practices, or an economic block that negatively affects the Brazilian international competitiveness.” This measure should be used exceptionally when they are considered inappropriate alternatives.
The text also states that contracting, to the maximum extent possible, is commensurate with the economic impact caused by the actions of countries or international blocs. Diplomatic consultations will also be needed to alleviate or contract the effects of measures. In addition, general consultations are created to show stakeholders.
On Friday, Finance Minister Fernando Haddad said in an interview with Bandonio that the President had it not been for the “most realistic position” with regard to the definitions, and indicated that Congress agreed to the law of reciprocity very quickly “to refer to the United States that we could not treat him as a second -class partner.
On Wednesday, 9, the President stated that it had not been for Brazil that “will give reciprocity.” Or we go to the World Trade Organization (WTO) to fight, where we have the right to fight, or we will give reciprocity. It is the least expecting for a country, which suffers from dignity and sovereignty. “Lula has made statements in Teguccalpa, Honduras, to journalists, amid the summit of Latin American society and the Caribbean.
The Vice President and Minister of Development, Industry, Trade and Services (MDIC), Geraldo Alkain, says the government does not intend to use this legislation at the present time and will insist on “dialogue and negotiation”.
