Friday, March 15, 2019

Brazil and the United States will seek sector agreements

The Presidents Jair Bolsonaro and Donald Trump should indicate, in the joint statement that will make after meeting at the White House on November 18, the two countries will pursue a path toward free trade. That doesn't mean the commitment to start drawing now, negotiations for a free trade agreement between the two countries. The idea is to advance trade facilitation sector agreements and regulatory convergence in points where there are no international rules and restrictions for Mercosur. Brazilian negotiators explain that in March the presidential visit goal is to advertise what is possible in the short term. The work for a "free trade" will be like horizon to be pursued. According to sources participating in the negotiations for the visit, the Joint Declaration of the two Presidents will have three pillars: the consecration of common values, the announcement of concrete measures-as the technology safeguards agreement-and the appointment of a path to be pursued in the Brazil-us relationship, in which the quest for free trade. The possible negotiation of a free trade agreement-with elimination of rates-USA coming up in MERCOSUR. To advance, Brazil would need to negotiate the agreement in block or negotiate an exception to deal directly with the United States. "Argentina, Paraguay, Uruguay already wanted to negotiate agreements on their own. This is something that can be reviewed within the Mercosur this year if we want to negotiate alone with the US or any other market, "said Renata Amaral, Director of international trade of the BMJ consultants, in debate on the relationship between the two countries think tank Atlantic Council in Washington. Meanwhile, the countries have worked in specific agreements. One of them, which will be announced on the tour, is a facilitation for companies that import and export on a large scale and frequency. Both in Brazil as in the U.S., these companies are registered to decrease the bureaucracy required in import and export operations. In the US, the record is called "Trusted Traders"-trusted negotiators, in free translation. The agreement designed by Brazil and the United States aims to establish reciprocal recognition between the countries of the companies registered in this system. The forecast with the agreement is that the recognition of a country as "trustworthy businessman" be adopted also in another, and reduce bureaucracy. The U.S. didn't hide in the negotiations with the Brazilians that have other priorities at the moment in trade negotiations, as the search for an agreement with the European Union and China, but the favorable conjuncture in Brazil affixed to the two Governments to make the agenda move forward on trade issues. Source: Globe
Mercado do Cacau - 12/03/2019 News Item translated automatically
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