Today`s agreement will help all traders who are looking for simpler customs procedures, more opportunities to participate in rule-making and more confidence in market rules. Looking to the future, the protocol is proof that Brazil and the United States can successfully deepen their trade relations in a way that is beneficial to both countries. The pact, the latest in a series of „mini“ trade deals struck by the Trump administration, follows seven months of negotiations between the United States and Brazil and comes to a goal that President Trump is striving to make trade gains before the Nov. 3 election. However, it is unclear to what extent the new agreement will boost trade between countries, given its limited scope. Myron Brilliant, executive vice president and head of international affairs at the U.S. Chamber of Commerce, said there is even more to be done when it comes to key priorities, including digital commerce and the provision of express shipping. „We call on both governments to return to the negotiating table as soon as possible.“ Following the meeting of the two heads of state and government in Mar-a-Lago in March, the office of the U.S. Trade Representative and Brazilian officials announced an acceleration of the trade dialogue as part of the Brazil-U.S.
trade dialogue. Commission on Economic and Trade Relations (ATEC) and our intention to negotiate an agreement on trade rules and transparency in 2020, including trade facilitation and good regulatory practices. Nevertheless, the protocol contains important provisions — including based on the relevant CHAPTERS OF THE USMCA — that could help facilitate trade between the United States and Brazil in the medium to long term: A comprehensive free trade agreement (FTA) between nations is unlikely in the near future, Lighthizer said at a virtual event hosted this week by the American Chamber of Commerce. „The reality is that there is currently no support for a free trade agreement within the Democratic Party in the United States,“ he noted. The United States and Brazil have agreed on a limited trade deal that will facilitate trade between countries, strengthen regulatory practices and fight corruption, officials from both countries said Monday. At the summit, Mr. Pompeo also stressed the need for the United States and Brazil to reduce their dependence on Chinese imports for their own safety. „To the extent that we can find ways to increase trade between our two countries, we can. reduce the dependence of each of our two nations on critical objects from China,“ he said, as reuters reported. ATEC provides an enabled commitment to a wide range of trade and investment issues.
As the United States and Brazil implement today`s protocol, they will continue to look for ways to increase trade in goods and services and encourage further investment. . . .