Us Brazil Agreement

The United States and Brazil signed a new protocol on trade rules and transparency and updated a 2011 agreement between the two countries, as announced by the U.S. Trade Representative`s Office on October 19. The United States and Brazil have a centuries-old history of economic, political, social and cultural interactions. Most aspects of ongoing bilateral relations are anchored in important agreements negotiated over the years between the two countries. Below are the recent bilateral agreements between the United States and Brazil on important issues. 2. This agreement does not prevent the parties from seeking assistance or helping each other under other agreements, treaties, agreements or practices. Following the presentation of the new protocol by the USTR, The Chairman of the Trade Subcommittee of the House Ways and Means Committee, Earl Blumenauer, D-Ore. issued a statement in which he highlighted concerns about the Brazilian government: « President Jair Bolsonaro`s abysmal record on human rights, the environment and corruption is the reason why the Ways and Means Committee Democrats have long opposed a trade agreement or an extensive economic partnership with Brazil. » The United States and Brazil are strengthening defence cooperation, including research and development, technological security and the acquisition and development of products and services. These agreements promote common exercises and facilitate the exchange of sophisticated skills and technologies.

In June 2019, President Trump named Brazil as a major non-NATO ally of the United States. Following The successful visit of Defense Minister Fernando Azevedo e Silva to Washington in March 2019, the third edition of the U.S.-Brazil dialogue took place in April 2019 in Rio de Janeiro. This ongoing public-private dialogue has produced important political outcomes such as the signing of the Technology Protection Agreement in March 2019 and has encouraged many sectoral cooperation since its launch in 2016. In 2011, the United States and Brazil signed the Trade and Economic Cooperation Agreement to improve trade and investment cooperation between the two largest economies in the Western Hemisphere. The agreement expands our direct trade and investment relations by providing a framework for deepening cooperation on a number of issues of mutual interest, including innovation, trade facilitation and technical barriers to trade. The announcement follows a series of other small trade deals announced by the Trump administration, including with Japan, China and the European Union. Unlike a comprehensive free trade agreement, these small agreements do not require congressional approval, which can put a deal on hold or collapse for many months. The Trump administration has also sought a limited trade deal with India, but has yet to reach an agreement.

The government has not yet released details of the agreement with Brazil, but it appears even smaller than the agreements signed with China and Japan. It focuses on facilitating trade or harmonizing the methods used by the two governments to process goods crossing their borders, with the aim of facilitating trade between countries for businesses. It will also reduce regulatory barriers and strengthen rules to root out corruption. During President Bolsonaro`s visit to Washington in March, the United States and Brazil signed the Technology Protection Agreement, which, once ratified by the Brazilian Congress, will ensure that sensitive U.S. technologies will be protected from unauthorized use and will put in place security measures to support the launch of U.S. satellites or launchers from the Alcantara Space Center in Brazil. The agreement has the potential to open up new business opportunities for Americans and Brazilians in a range of advanced space-related technologies, including satellites.