Brazil says believes Libya will respect contracts

August 24, 2011

Jeferson Ribeiro – Reuters, 08/23/2011

Brazil has received information the contracts of Brazilian companies will be respected by a new government in Libya despite the South American country’s failure to back the rebellion, the foreign minister told Reuters on Tuesday.

His comments came as rebels appeared close to ending the 42-year rule of Muammar Gaddafi and concern grew that a new government could punish companies from countries such as China and Brazil that did not throw their support behind the rebels.

“I don’t think this will happen,” Foreign Minister Antonio Patriota said.

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