The U.S. and Brazil will seek to conclude this year an agreement on trade rules and transparency, including trade facilitation and good regulatory practices, according to an announcement from the Office of the U.S. Trade Representative. The decision was reached during an April 16 discussion on implementing an ambitious bilateral economic and trade agenda, as agreed by presidents Jair Bolsonaro and Donald Trump in March.
According to USTR, the two countries will pursue this goal by accelerating their trade dialogue under the Brazil-U.S. Commission on Economic and Trade Relations, which “will remain the locus for further engagement … to advance in the short-term agenda as well as in the preparatory work toward a deeper partnership.” They also plan to engage in domestic consultations, including with lawmakers, to solicit input on how best to expand trade and develop the bilateral economic relationship.
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