Agreement On Trade And Economic Cooperation (Atec)

The protocol, also announced by Brazilian President Jair Bolsonaro, contains new annexes with provisions relating to customs administration and trade facilitation, regulatory practices and anti-corruption, the USTR said in a statement. The full text of the U.S.-Brazil ATEC Protocol on Trade Rules and Transparency is available here. Ambassador Lighthizer spoke Thursday by phone with Ernesto Araújo, Brazil`s foreign minister, and several other senior Brazilian officials. The call is a continuation of the meeting between Presidents Trump and Bolsonaro in Florida last month. The two ministers discussed ways to implement the presidents` plan to strengthen the economic partnership between the two countries. They agreed to intensify and deepen discussions under the auspices of the Agreement on Trade and Economic Cooperation (ATEC). ATEC will meet by telephone next week to discuss further details on the areas of the agreement, as well as some concerns that remain in our trade relations. “Since their first meetings, President Trump and President Bolsonaro have shared a vision of a partnership for prosperity between the United States and Brazil and the desire for new business initiatives. Today`s protocol uses the existing ATEC to establish common standards for both countries in terms of efficient customs procedures, transparent regulatory development and robust anti-corruption policy, which will provide a solid foundation for closer economic relations between our two countries,” said Ambassador Robert Lighthizer. After presenting the new protocol, the chairman of the House Ways and Means Committee Trade Subcommittee, Earl Blumenauer, D-Ore., made a statement highlighting concerns about the Brazilian government: “President Jair Bolsonaro`s deplorable record on human rights, the environment and corruption is why democrats on the Ways and Means Committee have long opposed a trade deal or economic partnership.

largi with Brazil. .” “The internet industry believes that this update to the agreement with Brazil is a missed opportunity to strengthen the U.S. digital trade framework both through a robust digital chapter and through the inclusion of important customs and trade facilitation rules that would have facilitated e-commerce. A comprehensive free trade agreement (FTA) between nations, however, is unlikely in the near future, noted. Lighthizer at a virtual event hosted this week by the American Chamber of Commerce. “The reality is that there is currently no support for a free trade agreement within the Democratic Party in the United States,” he noted. “Since their first meetings, President Trump and President Bolsonaro have shared a vision of a partnership for prosperity between the United States and Brazil and the desire for new trade initiatives,” U.S. Trade Representative Robert Lighthizer said in a statement. On October 19, 2020, the United States and Brazil agreed to an updated Protocol to the 2011 Agreement on Trade and Economic Cooperation (ATEC), with three new annexes: Customs Administration and Trade Facilitation, Good Regulatory Practices, and Anti-Corruption. ==Trade Representative Robert Lighthizer said the protocol “uses existing ATEC to establish common standards for both countries in terms of efficient customs procedures, transparent regulatory development and robust anti-corruption policy, which will provide a solid foundation for closer economic relations between our two countries.” In a joint statement, representatives of the two countries agreed that “these provisions demonstrate the mutual commitment of countries to the fundamental elements necessary for a fair undermining of trade – the publication of information, the opportunity for stakeholders to contribute to the rules, provide transparent and effective processes at the border and be vigilant against corruption.” ATEC provides an enabled commitment to a wide range of trade and investment issues….