NEWS IN ENGLISH – It’s easier to negotiate with China than the US, says president of Petrobrás

19/03/2011 16:31

Luciene Cruz Reporter Agência Brasil

Brasília – Speaking to reporters at the Brazil-United States Business Summit, which was attended by the US president, Barack Obama, the president of the Brazilian state-run petroleum corporation, Petrobrás, José Sergio Gabrielli, declared that it is easier for his company to negotiate with the Chinese than with the Americans.

In another contiguous context, Gabrielli went on to complain about American trade barriers and protectionism.

In his comments, Gabrielli touched on one of the great paradoxes of the American economic system. On one hand, he cannot really talk business to the government of the United States because in the US business relationships are, as they say, B2B. Differently from Brazil (and China, of course), the US government does not own a petroleum company.

On the other hand, it is the US government that legislates tariffs and surtaxes, along with subsidies, to protect American economic segments.

Gabrielli participated in a discussion on Creating a Safe and Sustainable Future for the Energy Sector. He also told reporters that the United States firmly protects its farm sector and will probably continue to do so.

Allen Bennett – translator/editor The News in English – content modified

Link - É mais fácil negociar com a China do que com os EUA, diz Gabrielli