RIO DE JANEIRO, BRAZIL - On Friday, January 29th, Brazil called on other World Trade Organization (WTO) member countries to be bold in substantially reducing subsidies in all sectors that distort global trade.
In a virtual ministerial meeting, held separately from the Davos online forum, Brazil's Foreign Minister Ernesto Araújo advocated WTO reform and said the organization "can not remain indifferent to the issue of democracy and fundamental freedoms."
"The WTO was established as part of a certain reset, a reset that should revolve around liberal democracy and market economies, a system of economic and political freedom," he said . . .