Rio, April 29, 2004 (Agência Brasil) - Today, in Rio de Janeiro, Brazilian, French, Italian, and German entrepreneurs discussed current trade among their respective countries, as well as assessing the prospects for expanding their mutual relationships. The gathering is sponsored by the France-Brazil, Brazil-Germany, and Italo-Brazilian Chambers of Commerce.

The ex-Minister of Foreign Affairs in Fernando Henrique Cardoso's Admiinistration, Luiz Felipe Lampréia, addressed the entrepreneurs from these countries in favor of Brazil's participation in the Free Trade Area of the Americas (FTAA). He also takes an optimistic view of negotiations with the World Trade Organization (WTO).

For the ex-Chancellor, the FTAA and Mercosur economic blocs represent a big growth opportunity for the country. Lampréia also said that he still sees no motive for the current Administration's concern over Brazil's joining the FTAA. According to the ex-Minister, Brazil's adhesion does not mean submission to the United States, but, rather, a chance for the country to expand its commercial and economic relations with the international market.

Translator: David Silberstein