On April 9, the U.S. Trade Representative and Brazil’s Foreign Minister and other senior officials, held a teleconference to discuss US-Brazil trade relations. On April 16, high-level representatives from the USTR and from Brazil’s Ministries of Foreign Affairs, Economy, and Agriculture discussed the implementation of an ambitious economic and trade agenda between Brazil and the United States as agreed by Presidents Jair Bolsonaro and Donald Trump in their meeting at Mar-A-Lago, on March 7, 2020. This shared vision and the goals established by the two Presidents point towards a transformative and strategic engagement between both countries in their trade and economic partnership.
Both countries agreed to accelerate their ongoing trade dialogue under the Brazil-U.S. Commission on Economic and Trade Relations (ATEC) with a view to concluding in 2020 an agreement on trade rules and transparency, including trade facilitation and good regulatory practices. They also agreed to engage in domestic consultations, consistent with each country’s domestic procedures, to solicit input on how best to expand trade and develop the bilateral economic relationship.
The ATEC Commission will remain the locus for further engagement, through frequent contacts and meetings, in order to advance in the short-term agenda as well as in the preparatory work towards a deeper partnership.