US and Brazilian Business Organizations Urge First Phase of Bilateral Trade Agreements in 2020 | Instant News

WASHINGTON DC. –Leading business organizations from the United States and Brazil, including the US Chamber of Commerce, Brazil-US. Business Council, American Chamber of Commerce for Brazil and the Brazilian National Confederation of Industries,sending a letterThe governments of the two countries last week endorsed their commitment to securing the first phase of a comprehensive bilateral trade agreement by 2020. The letter stressed that the business community views this as the right time to take bold action in dealing with the corona virus pandemic and trust. that trade agreements will contribute to restoring economic growth and job creation in both countries.

In the letter, the organization recommends that trade agreements must be comprehensive and include binding commitments in trade facilitation, good regulatory practices, digital trading, anti-corruption, intellectual property, among other non-tariff areas.

“We are confident that bilateral trade agreements will open economic benefits for both countries and strengthen relations in a dynamic way,” said Myron Brilliant, Executive Vice President and Head of International Affairs, US Chamber of Commerce. “Deepening ethnicity between the two regional economies is very important, especially as our country is navigating recovery from this global pandemic, and will lead to new commercial opportunities.”

Such bilateral trade packages are in line with recent onesstatementbetween President Donald Trump and JairBolsonaro, as well as withstatement USTR and the Brazilian Ministry of Foreign Affairs and Economy. This will be the first step towards completing a more comprehensive agreement in the future.

The US and Brazilian private sectors are ready to work with the two governments during this process. The joint letter was supported by more than 25 business organizations both from the US and Brazil, and sent to the United States Trade Representative, Director of the United States National Economic Council and to the Minister of Foreign Affairs and the Brazilian Economy. .

Read the full letter here.

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