Team Bolsonaro Joins Team Trump Against China In WTO Meeting

  • Date: 24-Jul-2020
  • Source: Forbes
  • Sector:Economy
  • Country:Qatar
  • Who else needs to know?

Team Bolsonaro Joins Team Trump Against China In WTO Meeting

People shopping in Beijing on Wednesday, July 22, 2020. China said the U.S. was getting too ... [+] "academic" on its definition of membership rules at the World Trade Organization. (AP Photo/Mark Schiefelbein)





ASSOCIATED PRESS





They have the most coronavirus cases in the world, and now they have joined forces against China in the World Trade Organization.



Kapow!



Brazil sided with the U.S. yesterday and made vocal their stance for market-oriented principals to drive all 164 members of the WTO. China's not too happy about it.



The U.S. and Brazil released a joint statement that outlined what the two countries considered to be "market-oriented conditions.“ The U.S. has previously pushed for a draft General Council resolution that amplified that for its members, but China has pushed back successfully and so has the Brazilian General Director of the WTO, Roberto Azevedo, who is resigning early and leaves his post next month.



"When Members opened their economies to competition through the WTO, they did so with a shared understanding that market-oriented conditions would take hold in each of their economies and this would help ensure a level playing field for that competition to take place,“ U.S. Ambassador