BRASILIA, May 2 (Xinhuanet) -- Brazilian President Luiz Inacio Lula da Silva on Monday blamed the US economic policy for losses in Brazil's exports.

    "We should organize a group to complain about this type of change that led to the depreciation of the (US) dollar," said Lulain a visit to a Volkswagen plant located in Sao Bernardo do Campo,Sao Paulo state.

    The exchange rate at the present level, barely above 2.5 reals per dollar, has weakened Brazil's competitiveness in exports, said the president, adding some sectors of the Brazilian industry have been crippled due to the economic policy of Washington.

    He said Brazil should send such a group, made up of businessmen and politicians, to Washington to demand compensation, instead of the rash modification of its own exchange policy.

    "There is no incompatibility in our export policy and our economic growth policy. Every entrepreneur knows that this type ofchange is a problem of the US policy, and not a problem we could sort out," he said.

    However, Brazilian analysts argue that Brazil's high interest rates, 19.5 percent at present, also played a part. Enditem