Brazil Agreement On Trade And Economic Cooperation

During the delegation`s visit to Sao Paulo on October 19, the Development Finance Corporation announced a $2.24 billion loan to Banco Itaa to support loans to small and medium-sized enterprises (SMEs) and a $140 million reais investment that will allow TechMet Limited to increase the production capacity of a cobalt and nickel mine in Piaua. Brazil has signed two letters of interest, one for a $1.45 billion investment guarantee to Smart Rio, which will modernize the maintenance and modernization of all existing public lighting equipment, and develop existing public lighting infrastructure and camera installation, Wi-Fi hotspots and smart transit controllers in Rio de Janeiro, as well as a new letter of interest for a $1.68 billion direct loan to support the development of BTG Pactual`s SME loan portfolio, with part of the loan proceeds focused on lending to eligible majority female companies and SMEs in economically disadvantaged areas. To the north and northeast of Brazil. For more information on CFL`s activities in Brazil, please see the fact sheet below br.usembassy.gov/us-international-development-finance-corporation/ a) promote cooperation with the other party on customs issues that have been exchanged between the contracting parties; and on 19 October 2020, the United States and Brazil agreed on an updated protocol for the 2011 Trade and Economic Cooperation Agreement (ATEC) containing three new annexes: customs administration and trade facilitation, good regulatory practices and anti-corruption. U.S. Trade Representative Robert Lighthizer said the protocol “uses the existing ATEC to establish common standards for both countries in terms of effective customs procedures, transparent regulatory development and robust anti-corruption policy, which will provide a solid basis for closer economic relations between our two countries.” In a joint statement, the representatives of the two countries agreed that “these provisions demonstrate the mutual commitment of countries to the fundamental elements necessary for a fair upheaval of trade – the publication of information that allows stakeholders to express themselves on the rules, to establish transparent and effective processes at the border and to be vigilant against corruption.” President Obama and President Rousseff attended fruitful and fruitful meetings during the president`s visit to Brasilia.

This entry was posted in Uncategorized. Bookmark the permalink.