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BRAZIL: Lower House Speaker Requests Formal Apology from Carrefour

BRAZIL
BulletEM BulletEmerging Market News
  • "*LIRA: RECIPROCITY BILL WILL BE AGREED BY LOWER HOUSE, SENATE"
  • "CARREFOUR'S RESPONSE VERY WEAK GIVEN IMAGE DAMAGE"
  • "IT IS IMPORTANT NOT TO MINIMIZE UNTRUE NARRATIVES"
  • "LIRA REQUESTS FORMAL APOLOGY RECOGNIZING QUALITY OF BRAZIL MEAT" (BBG)
    • As we noted earlier, headlines follow comments from Lower House Speaker Lira on Monday, who spoke out against the CEO of French retailer Carrefour, who vowed to keep South American meat off its shelves in France before then apologising on Tuesday.
    • Brazil's government called the comments part of a wider push to undermine a pending trade deal, describing the pledge as part of an "orchestrated action" by French companies to sabotage the trade pact between the European Union and South American trade bloc Mercosur.
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  • "*LIRA: RECIPROCITY BILL WILL BE AGREED BY LOWER HOUSE, SENATE"
  • "CARREFOUR'S RESPONSE VERY WEAK GIVEN IMAGE DAMAGE"
  • "IT IS IMPORTANT NOT TO MINIMIZE UNTRUE NARRATIVES"
  • "LIRA REQUESTS FORMAL APOLOGY RECOGNIZING QUALITY OF BRAZIL MEAT" (BBG)
    • As we noted earlier, headlines follow comments from Lower House Speaker Lira on Monday, who spoke out against the CEO of French retailer Carrefour, who vowed to keep South American meat off its shelves in France before then apologising on Tuesday.
    • Brazil's government called the comments part of a wider push to undermine a pending trade deal, describing the pledge as part of an "orchestrated action" by French companies to sabotage the trade pact between the European Union and South American trade bloc Mercosur.