At WTO, India cites fishing subsidy gap, seeks relook
Tuesday, 10 December 2024 India is pushing for a per capita subsidy approach in global fishing negotiations. The current aggregate model favors wealthy nations with large fishing industries, disadvantaging countries like India that provide smaller individual subsidies to support livelihoods.
Brazilian President Luiz Inácio Lula da Silva has drawn a firm line in the sand after the United States imposed hefty 50% tariffs on Brazilian exports. In a striking interview with Reuters, Lula declared he won’t initiate talks with President Trump that might “humiliate” his nation—saying he’ll only engage if he senses genuine willingness to negotiate. Brazil isn't retaliating with reciprocal tariffs but is pursuing WTO consultations and prepping domestic support for affected industries. Lula also unveils plans to mobilize BRICS partners like India and China for a coordinated response.
Firmly asserting Brazil’s economic sovereignty, he criticized Trump’s interference in a sovereign country’s legal affairs, particularly related to the prosecution of former president Jair Bolsonaro. Emphasizing mutual respect in diplomacy, Lula called for dignified engagement-pointing to Trump’s public humiliations of other world leaders as unacceptable conduct. He’s offering negotiation-but on his terms only.
#Lula #Trump #Brazil #TradeWar #Tariffs #WTO #BRICS #USBrazilRelations #Sovereignty #Diplomacy #NoHumiliation #50PercentTariff #ReutersInterview #EconomicSovereignty #TradeDiplomacy #GlobalTrade #LatinAmerica #StrategicMinerals #RespectInDiplomacy #TradeCrisis
~HT.318~ED.346~
BRICS Summit 2025: India takes center stage at the BRICS 2025 Summit in Rio de Janeiro as Prime Minister Narendra Modi leads a powerful charge from the Global South against Trump’s aggressive tariff policy. With 10 nations participating—including new member Indonesia—this year’s summit focuses on fair global governance, climate action, and reforming outdated world institutions like the UN, WTO, and World Bank. As the world’s fastest-growing major economy, India is pushing for a more equitable trade system and calling for collective resistance against economic coercion. Modi’s leadership is not only uniting BRICS but also redefining it—asserting India as the democratic anchor of a bloc once overshadowed by China. India’s role in the New Development Bank and its calls for tech cooperation, sustainable development, and regional peace underscore its rising influence in shaping a new world order.
#ModiLeadsBRICS #IndiaBRICS2025 #GlobalSouth #ModiVsTrump #TrumpTariffs #BRICSvsG7 #ModiDiplomacy #IndiaGeopolitics #BRICSSummit #UNReform #WTOReform #NewWorldOrder #IndiaForClimate #ModiInRio #SouthSouthCooperation #BRICSLeadership #IndiaGlobalVoice #ModiTakesLead #BRICSPower #ModiGlobalChampion #BRICSSummit2025
~HT.410~ED.102~GR.124~