Pedro Ferreira affirms that Lula's assumption of office generates hope regarding the revision of Annex "C" of the Itaipu Treaty

Pedro Ferreira affirms that Lula’s assumption of office generates hope regarding the revision of Annex “C” of the Itaipu Treaty

The president of Brazil, Luiz Inácio Lula da Silva, took office last Sunday. After this situation, it remains to be seen if the neighboring country will change its position on the renegotiation of the Itaipu Treaty or if it maintains the same position as former President Jair Bolsonaro.

Pedro Ferreira, former president of the National Electricity Administration (ANDE), told radio Ñanduti AM that this change of government represents welcome news for our country. Bearing in mind that with Lula more hope is generated so that the negotiations become fairer.

“Paraguay in the previous times had a good economic situation, all the negotiations on Itaipu were favorable for both Paraguay and Brazil. It is the second opportunity to do things well, it is important that there is a person on the other side of the table who interprets things well, ”he said.

Regarding background, on July 25, 2009, a historic agreement was signed between the then Paraguayan President Fernando Lugo and Lula himself, whereby Paraguay tripled what it received as compensation for ceding hydroelectric power of US$120 million to US$360 million a year.

“The negotiation of the treaty is for the benefit that will be given within three years. The rate according to Brazil has already dropped, an irresponsible interpretation of them. In my opinion, the one that suits him least is the Colorado Party plate. And the one that will suit you is the one that is not tied to border interests. From Brazil it is very clear that they want the entire rate to drop, from Paraguay, unfortunately, there was no clear position on the matter, ”he said.

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