Brazilian President to Reform World Economic Relations

Brazilian President to Reform World Economic Relations Moscow, May 14. -Russia and Brazil will never cease to seek solutions to social problems, said today the Brazilian President Luiz Inacio Lula da Silva, who advocated for a reform in international economic relations.

The South American head of state said his country supports Russia's entry to the WTO as a step towards further development of multipolarity.

Lula da Silva considered unacceptable that two countries with economic potential, territory, population and natural resources such as Russia and Brazil have no direct air links.

On the other hand, he estimated that the global crisis showed few European efforts to solve global problems, for which we must take joint action, while our responsibility in the world economic patterns grows, he said.

It will be necessary to identify new areas of cooperation with Russia, he said. In that case Lula added the example of the regional subsidiary that Gazprom company will open in Rio de Janeiro, which he considered, opens up the possibilities of joint work between the Russian monopoly and Petrobras.

Although Russia and Brazil are oil powers, they also seek to develop renewable energy sources, Lula said. In this regard, he referred to the possibilities of collaboration with Russia to produce energy from biofuels.

We need to make a qualitative step in our trade relations and remove the existing barriers, affirmed the Brazilian president, who announced the entry into force of an agreement on visa exemption between the two states.

Brazil seeks cooperation with Russia in high-tech field of meteorology, physics or nanotechnology, he expressed.

Lula da Silva and the Russian President Dmitri Medvedev, will coordinate efforts again at the summit of the Group of 20 next June, in Canada.(Prensa Latina)