Britain's PM Cameron warns Brazil against taking protectionist measures
September 29, 2012, 12:01 am TWN
SAO PAULO -- British Prime Minister David Cameron warned Brazil against protectionism Wednesday and called for expanded bilateral trade, notably in the energy and bioscience sectors.
Cameron, on his first visit to Brazil, said he would deliver his anti-protectionism message when he meets with President Dilma Rousseff in the capital Brasilia on Friday. “To try to isolate and protect industry from competition can benefit the domestic industry, but this carries long-term costs and prevents the development of a truly competitive and innovative industrial base,” Cameron told the Folha de Sao Paulo daily.