BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.35 Increased By ▲ 0.03 (0.47%)
BECO 4.39 Increased By ▲ 0.12 (2.81%)
BML 62.50 Increased By ▲ 0.05 (0.08%)
BOP 31.47 Increased By ▲ 0.24 (0.77%)
CNERGY 11.70 Increased By ▲ 0.11 (0.95%)
CSIL 5.92 Increased By ▲ 0.20 (3.5%)
FCCL 61.60 Increased By ▲ 0.06 (0.1%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.23 No Change ▼ 0.00 (0%)
KEL 6.33 Increased By ▲ 0.07 (1.12%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.79 Increased By ▲ 0.11 (0.45%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.05 Decreased By ▼ -2.23 (-1.27%)
NCPL 51.85 Decreased By ▼ -0.92 (-1.74%)
NPL 54.19 Increased By ▲ 0.07 (0.13%)
OGDC 315.50 Increased By ▲ 2.11 (0.67%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.51 Decreased By ▼ -0.29 (-0.81%)
PIBTL 13.65 Increased By ▲ 0.18 (1.34%)
PPL 226.60 Increased By ▲ 4.79 (2.16%)
PRL 80.30 Increased By ▲ 1.22 (1.54%)
PTC 46.89 Increased By ▲ 0.04 (0.09%)
SSGC 23.90 Increased By ▲ 0.03 (0.13%)
TBL 9.30 Decreased By ▼ -0.01 (-0.11%)
TELE 7.65 Increased By ▲ 0.26 (3.52%)
TPL 24.51 Decreased By ▼ -0.60 (-2.39%)
TPLP 13.04 Increased By ▲ 0.53 (4.24%)
TREET 26.05 Decreased By ▼ -0.20 (-0.76%)
TRG 53.38 Decreased By ▼ -0.06 (-0.11%)
World

US drops support for Brazil OECD bid after Trump offered backing

The apparent reversal would be a major snub for right-wing Brazilian President Jair Bolsonaro, who has held Trump u
Published Updated
By
  • The apparent reversal would be a major snub for right-wing Brazilian President Jair Bolsonaro, who has held Trump up as a role model and touted US support for Brazil's OECD bid.
  • Trump announced his support for Brazil to become a full member of the OECD, a forum of three dozen democratic nations with solid market economies.

BRASILIA: The US government has not backed Brazil's bid to join the Organization for Economic Cooperation and Development despite a public endorsement by President Donald Trump, according to two Brazilians who saw a US letter to the OECD.

The officials, who asked not to be named because of diplomatic sensitivities, said a letter sent to the club of wealthy nations in late August by US Secretary of State Mike Pompeo backed the bids by Argentina and Romania but made no mention of Brazil.

The apparent reversal would be a major snub for right-wing Brazilian President Jair Bolsonaro, who has held Trump up as a role model and touted US support for Brazil's OECD bid as one of the achievements of his nine-month-old government.

There was no immediate comment from the US State Department.

Standing next to Bolsonaro outside the White House on March 19, Trump announced his support for Brazil to become a full member of the OECD, a forum of three dozen democratic nations with solid market economies.

In July, US Secretary of Commerce Wilbur Ross reaffirmed the Trump administration's backing for Brazil during a visit to Latin America's largest country.

The United States had opposed Brazil's membership until Trump signaled his new stance, and Brazil was depending on his endorsement to bolster its bid.

In December, a Brazilian government report said the main obstacle to its request to join the OECD, first made in May 2017, was opposition by the United States and the US Trade Representative's office in particular.

In Latin America, only Chile and Mexico are in the club, while Colombia is on track to join soon.

 

Comments

Comments are closed for this article.