Lula sanctions mutual law, reaction from Congress against Trump tariffs | The economy
President Luiz Inacio Lula da Silva This Friday, 11, granted without veto, the Mutual lawIt establishes Brazil to respond to unilateral actions adopted by countries or economic alliance that affect the international competitiveness of countries. The bill was approved by the Senate and House last week in response to US President Donald Trump.
This permission is confirmed by the Secretariat of Social Communication (SECOM) of the Republic of the Republic, but the text of the law should be published only in the 14 Federal Official Gazette (Doug).
Establishes law standards for executive power to discontinue trade concessions, investments and responsibilities regarding intellectual property rights.
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Such a suspension should be done in response to arbitrary actions, policies or methods of a country or economic alliance that adversely affects international competitiveness. ” This measurement should be used exceptionally when other alternatives are inappropriate.
This text is proportional to the economic influence of international countries or blocks of blocks. Diplomatic consultations are also required to reduce or cancel the effects of actions. In addition, public consultation has been established for the announcement of shareholders.
In an interview with Finance Minister Fernando Haddad Bondnews, President Lula said that the “most intelligent position” in relation to the tariffs was adopted, and “we did not consider the Congress mutual law to signal to the United States that we could not be considered a second class partner.
On Wednesday, 9 on Wednesday, President Lula Brazil said that “gives each other.” Or we go to the World Trade Organization (WTO) to fight, where we have the right to fight, or we will give each other. It is less expecting from a country, which has respect and sovereignty. “Lula made these statements to journalists in Tegusigalpa, Honduras, amidst the summit of Latin American and Caribbean Community (CELAC) countries.
Vice President and Development, Industry, Commerce and Services (MDIC), Geraldo Alkmin Minister Geraldo Alkmin, says that the law does not want to use the law at this time and that the law is “conversation and negotiations”.
