Brazil/US Trade Agreement Seems Close at Hand

Brazil and the United States signed a letter of intent for the creation of mechanisms to promote bilateral trade and foster business dealings, including ethanol, but left aside more ambitious goals such as a full-fledged free trade agreement.

The first meeting in Rio do Janeiro of the mechanism for informal bilateral consultations was headed by U.S. Commerce Secretary Carlos Gutierrez and Brazilian Development, Industry and Trade Minister Luiz Fernando Furlan.

Gutierrez said that Washington was seeking bilateral accords with regions and other countries all around the world, including Brazil.

He said the U.S. government believed that the Americas have a great future in store. "The establishment of this commercial dialogue with Brazil is a priority for the Bush Administration …

"We are working hard with our Brazilian counterparts to ensure that this Commercial Dialogue delivers concrete steps to make both of our nations more competitive in the global economy," he said.

"By making it easier to conduct trade and investment between our two countries we can create a win-win situation for both Brazil and the United States," Gutierrez added, also emphasizing the need to push for greater trade integration between Washington and the rest of the hemisphere.

U.S.-Brazilian trade amounts to some 40 billion US dollars annually.

Gutierrez did not refer directly to the U.S.-sponsored Free Trade Area of the Americas, or FTAA, a measure that has stalled largely because Brazil and the other members of Mercosur have rejected the terms initially proposed by Washington.

He did, however, refer to bilateral trade agreements signed between the United States and Chile, Peru, Central America and the Dominican Republic that seemed to have emerged as a secondary option for binding together a global bloc that would unify the trade markets from Canada to Argentina.

But a number of issues have remained sidelined in discussions with Brazil, including protection of intellectual and investment property, customs barriers and the liberalization of services.

Analysts say that agreement would be essential on these and other points to achieve substantial advances on trade matters among Washington, Brasí­lia and the other Mercosur nations of Argentina, Paraguay and Uruguay.

Brazil wants Washington to substantially reduce tariffs on imports of ethanol produced from sugar cane. The South American country is the world’s largest producer and exporter of the fuel, which is often mixed with gasoline.

Gutierrez recalled that Washington has been pursuing a strategy to diversity its sources of energy and reduce vulnerability in that area.

Mercopress – www.mercopress.com

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  • Show Comments (11)

  • Guest

    “A fool finds no pleasure in understanding but delights in airing his own opinions” …

  • Guest

    ( 500 of them )…

  • Guest

    they lied and …
    …they died.
    Corruption abounds in Washington. The white house became a puteiro when pres. clinton was there. Nowadays there is a gang waging a war that has killed 2486 young man and injured 9765. When they come back home they find out that hey have lost their job. They get neurotic and kill their wives.
    New Orleans was a good example of iniquity. You are just an easy prey to their lies. If you are happy about America, just live there.
    There is corruption everywhere in America, but your wyes just turn to other countries. Good for you. You are like a betrayed husband (you konw it , but you pretend not to know the truth).
    Brazil has 186 million inhabitants. If 500 of they want to put their foot in going to that w-o-n-d-e-r-f-u-l country
    too bad for them.
    You are just one more robot and, besides , sorry to have to tell you, you still are a babaca.
    And, it seems, will be forever.

  • Guest

    And Brazil…..
    ….remains a third world country where nothing is done properly…except corruption…corruption…injustice…no justice….bureaucracy, very low education by all recognized standards, poverty abounds, in violence and insecurity you excel !

    That is why millions of Brazilians have a dream : to get out of this shitty country. They are even willing to pay large amounts of cash to enter illegally in the USA !

  • Guest

    THE RIGHT WEB SITE
    Now you are consistent.
    But, you still are a babaca.

  • Guest

    brazil gov is a banana It is a pice of shit gov

  • Guest

    RE: SORRY, BUT YOU ARE AN ASSHOLE
    If you are looking for that type of person, unfortunately you have come to the right web site!

  • Guest

    How can you say that?
    Pick up a mirror and take a good look at yourself. Don´t be afraid , but you will see the image of an ass reflected on the mirror.
    Are all Brazilians alike?. What makes you say this?. What contacts have you had with Brazilians?. How many.? For how long?. Where? In what circunstances?

    Gimme a break. This is no good activity for you. Try something else.
    Try and find a site about Tuvalu island and say all shitty opinions you can.
    Shame. Babaca

  • Guest

    SORRY, BUT YOU ARE AN ASSHOLE

  • Guest

    TYPICALLY BRAZILIAN
    Does the newsroom just have Brazilians. Aren´t there Americans involved???

  • Guest

    What a joke !
    No difference has been settled yet, only a letter of intent has been signed and the headline of the article says : Trade agreement seems close at hands.
    What is the Brazilian meaning of “close at hands” ? 3,5, 10 years ? May be more ?

    Always the same misrepresentations of facts !!!!!
    Typically Brazilian !

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