World Markets Analysis | October 14, 2003
Brazil's Foreign Minister Celso Amorim has ruled out possible changes in the team negotiating Brazil's entry into the proposed Free Trade Area of the Americas (FTAA), according to a report by the AFP. The admission follows speculation in the local press that the government was planning to make changes before the end of the year in order to resolve divisions within the government over Brazil's stance over the FTAA.
Significance: The signs of possible dissension within the government over foreign policy comes as Brazil attempts to increase its international profile by helping to orchestrate the creation of the G-22 - the so-called alliance of developing countries - at the recent World Trade Organisation talks at Cancun (Mexico), taking a lead role in the revival of Mercosur, and actively campaigning for a permanent seat on the UN security council.World Markets Analysis:
