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NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Elections 2010 Follow Reuters for complete analysis, opinion and polls ahead of the November midterm elections. Full Coverage Brazil says U.S. spat signals tough security reform Tweet This Share on LinkedIn Share on Facebook Related News North Korea talks need "meaningful way forward": U.S. 8:58am EDT UPDATE 2-N.Korea talks need "meaningful way forward"-US 6:08am EDT Brazilian mouse made U.S. elephant run on trade: Lula Wed, Sep 8 2010 UPDATE 2-South Korea imposes new wave of Iran sanctions Wed, Sep 8 2010 U.S. seeks to support Iran democratic forces: Clinton Wed, Sep 8 2010 Analysis & Opinion ANALYSIS-Brazil may be outgunned in fight to weaken currency The U.S. war in Iraq is over. Who won? Related Topics World » Elections 2010 » Politics » Brazil » By William Maclean, Security Correspondent GENEVA | Sat Sep 11, 2010 3:09pm EDT GENEVA (Reuters) - Emerging power Brazil downplayed on Saturday a cooling of its relations with the United States following a disagreement on diplomacy toward Iran, but said the incident suggested reform of global institutions would be tough. Foreign Minister Celso Amorim said opposition from big powers to a joint Brazilian-Turkish mediation effort on the Iranian nuclear dispute suggested they would resist changes to the global order, such as reform of the U.N. Security Council. Speaking to reporters at a conference in Geneva of the transatlantic International Institute for Strategic Studies think tank, Amorim said the United States and Brazil had disagreed only on tactics on Iran, not on fundamental strategy. "I don't see any problem between President Lula and President Obama," he said, referring to President Luiz Inacio Lula da Silva and Barack Obama. "We have to be mature people and we have to understand that people, especially mature people who agree with the same objectives, ... can disagree on tactics." Brazilian officials have complained in private that their good-faith efforts to revive a stalled nuclear fuel swap agreement in May were swiftly brushed aside with little regard for Brazil's status as an emerging power. Brazil and Turkey later voted against a new round of U.N. sanctions against Iran aimed at persuading Tehran to halt atom work that the West suspects is intended to develop an nuclear weapon. Iran denies it seeks such a weapon. Amorim said he agreed with a statement at the conference by U.S. Deputy Secretary of State Jim Steinberg that Washington's differences with the mediation attempt were to do with tactics and did not signal a divergence of interests or goals. "REFORM WILL COME" But in a debate on the growing global role of emerging powers such as Brazil, the minister told delegates that the dispute "shows how resistant major powers will be to changes (in the power balance in global institutions), it shows how difficult it will be to change the Security Council." "But reform will come to the Council one day, one way or another." India and Brazil, along with Japan and Germany, are seeking a seat on the U.N. Security Council, which they say now reflects an outdated post-World War Two global order. But a lack of consensus among current council members has stalled reforms. The United States wants Japan in the council, but China objects. The so-called BRIC countries of Brazil, India, Russia and China, want more representation in the World Bank and the International Monetary Fund. Steinberg told the conference Washington welcomed the growing role of the BRICs and other powers such as Turkey and South Africa, but that constant dialogue with Washington was needed to overcome differences. "We do not see their rise as an inherent threat to our interests, but we recognize that cooperation will not come automatically and that we will inevitably face issues on which our interests diverge," he said. Washington had a "keen sense" of a need for reform of the Security Council, the world's top security decision-making body, but a consensus did not yet exist about how best to change so as to sustain its effectiveness and improve its legitimacy. "Because of the importance of the Council to us in dealing with issues such as Iran and North Korea, it's not something we will change lightly," he said. (Editing by Philippa Fletcher) World Elections 2010 Politics Brazil Comments See All Comments (1) | Post Comment Sep 11, 2010 12:45pm EDT Look this is an argument that was settled during G20 meeting; ie. reform of SC and BrettonWood Institutions (IMF/IBRD). Obama is shifting his strategic outlook depending on tactical necessities on domestic front – dangerous for compliance with agreed set of policies under G20. BRICs are going to make Atlantic alliance more or less disjointed by exposing its internal contradictions: EU may bridge BRICs demands thereby creating discord with US. Because US is forcing Benelux countries to exit their executive posts on IMF board – in favour of G20 reps. Dragging the foot won’t work well for US/EU, as creditor nations use their respective leverage exacerbating US interests – eg. Iran. hariknaidu Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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