at the WTO Trade Policy Review of Brazil
November 2004
Madame Chair:
First of all, I would like to express my sincere welcome to the strong delegation from Brazil and the colleagues from Brazil’s permanent mission to the WTO. I highly appreciate the updating by the Head of the Brazilian delegation of Brazil’s economic situation and the evolvement of its trade regime since last review. The introduction is not only rich in content, but also very enlightening.
Madame Chair, we have always shown great interests in the economic development of Brazil, and the change in its trade regime and policy-making. As the Brazilian government has denoted in its statement, since last review, Brazil’s economy as a whole is gradually recovering from recession and demonstrates a healthy momentum of sustainable development. We notice that, domestic reform in domain of production, taxation, credit market and social security is now underway. The reform will undoubtedly strengthen Brazil’s competitiveness in industry and improve its potential for economic development. We are confident of Brazil’s domestic reform, and are supportive of its ongoing trade liberalization.
The past few years witness a rapid development in Sino-Brazilian political and economic relation. According to statistics by Chinese Customs, the bilateral trade volume between China and Brazil in 2003 reached almost USD8 billion, presenting a 78.7% increase comparing to the previous year. The Secretariat’s Report also embodies the closer Sino-Brazilian relation objectively, especially the remarkable increase in Brazil’s export to China.
At present, Brazil is China’s largest trading partner in the Latin America. Two weeks ago, Chinese President Hu Jintao paid a successful visit to Brazil. The two economies are recognized as highly complementary to each other and share a very promising future of bilateral trade and mutual investment.
In addition, the Chinese government admires Brazil’s recognition of China’s full economy market status, which is based upon objective reflection of the due facts of China. This will assuredly enhance the bilateral cooperation in trade and investment.
Madame Chair, during the negotiations of the Doha Development Agenda, China and Brazil made enormous efforts to push the negotiations forward for any substantial progress and a possible early balanced result. As a leading member of the G20, Brazil also played a major role in the conclusion of the July package of DDA. We hope the Brazilian government will maintain its role in the arduous but promising future talks. We believe Brazil will for sure contribute its part to a balanced multi-beneficial conclusion of the Doha Round, as well as the establishment and safeguard of an equal and just international trade order. Madam Chair, by virtue of this review, I would like to express some concerns about Brazil’s trade policy and hope that the Brazilian delegation will take them into consideration. According to the Secretariat’s Report, from 2001 to 2003, Brazil initiated 37 anti-dumping investigations in total, while 11 of them were against Chinese products. Although some of the investigations ended up with the imposition of comparatively low anti-dumping tax, others concluded with no evidence of dumping at all. Thus, the chilling effect of the initiation of investigations cannot be ignored or underestimated. We expect Brazil to take a more cautious attitude in initiating anti-dumping investigations in the future.
Madame Chair, in the end, I sincerely thank the WTO secretariat and the Brazilian government for the detailed reports they prepared for this review, and I would like to express my gratitude to the privileged discussant for his outstanding performance. I wish this review on Brazil a great success.
Thank you, Madame Chair.



