Marcon Logística Portuária

Trade package paves the way for broader agreement, says government

The Ministries of Economy and Foreign Affairs issued a joint note on Monday (19) to highlight the signing of the Protocol to the bilateral Trade and Economic Cooperation Agreement between Brazil and the United States. The measure provides for regulatory initiatives to promote trade and investment flows between the two countries. For the Brazilian government, the trade package signed earlier by President Jair Bolsonaro will be the basis for building a future broader free trade agreement.

“The signing of the commercial package is part of a broader context of Brazilian foreign trade policy, whose main objective has been to create an economic environment favorable to business and Brazil’s competitive reintegration into the international economy. The package is intended to form the basis of a broad trade agreement to be negotiated in the future between the two largest economies on the American continent. The commitments assumed are aligned with historical demands from the private sectors of both countries “, says the note.

The Protocol text has three annexes, which deal, respectively, with trade facilitation and customs cooperation, good regulatory practices and anti-corruption measures. In the first item, initiatives are planned to reduce the bureaucracy of import and export procedures for goods and services between the two countries.

“There are important commitments for the use of technologies in the processing of exports and imports in order to reduce times and costs of operations. These are measures related to the use of electronic documents, electronic payments, interoperability between unique foreign trade windows and automation in the management of risks, including the use of ‘machine learning’ and artificial intelligence. There is also a section dedicated to the treatment to be given to agricultural products, of special interest to Brazil and the United States, major exporters in this sector “, says the joint note of the Ministry Foreign Affairs and the Economy.

The annex dealing with good regulatory practices addresses measures for governments to facilitate widespread competition in the markets, with transparency and predictability, and to limit state intervention in the economy.

The annex that deals with anti-corruption efforts, the Brazilian government cites the need for legislative binding to the obligations provided for in international treaties, such as the United Nations Convention against Corruption (2003), the Inter-American Convention against Corruption (1996) and the Convention the Organization for Economic Cooperation and Development (OECD) on the Corruption of Foreign Public Officials in International Business Transactions (1997).

“The scope of the said annex, in line with recent initiatives by Brazil, expands, beyond the strictly criminal sphere, domestic action and international anti-corruption cooperation, also encompassing the civil and administrative spheres. This is a relevant evolution in the tasks to combat, through asset recovery, the central axis of organized criminal chains: their financial flows. The text therefore reinforces the joint commitment to fight corruption “, says another excerpt from the joint note.

 

Source: Agência Brasil

b
}

10.27.2020

Em Destaque

Relacionados

Quer saber mais?

Entre em Contato

Siga a Marcon

Mercado & Novidades

Últimas Notícias

Mar 25 2024

United States and Paraná strengthen dialogue during visit to the Port of Paranaguá

A delegation from the United States Department of Commerce in Brazil visited the Port of Paranaguá this Friday (22). The department seeks to bring...
Mar 18 2024

Port of Paranaguá is the first national place in movement for soybean exports

The Port of Paranaguá was a national highlight in the movement of cargo from the soybean complex (bran, grains and oil) at the beginning of 2024....
Mar 11 2024

At Intermodal, Portos do Paraná participates in a seminar on sustainable development

At the invitation of the Embassy of the Kingdom of the Netherlands, the director of the Environment, João Paulo Santana, and the general secretary...
Mar 04 2024

Ports of Paraná record the best January in history in cargo movement

With total growth of 20%, the highlights are the export of sugar and soybean cargo and the import of fertilizer Portos do Paraná starts 2024 with...
Feb 26 2024

ESG and sustainability are the focuses of Portos do Paraná at the 28th Intermodal

The search for a sustainable agenda also includes actions at the event stand itself Between March 5th and 7th, Portos do Paraná will participate in...
Feb 19 2024

Brazil-China trade starts 2024 with strong increases in exports and imports

Trade between Brazil and China began the year marked by a significant increase of 53.7% in Brazilian exports, which totaled US$ 7.769 billion,...
Feb 14 2024

Ports of Paraná exceed 65 million tons handled in 2023

Portos do Paraná broke a new handling record in 2023, surpassing the 65 million ton mark. The CEO of Portos made the announcement of the historical...
Feb 07 2024

With support from India, exports of cane sugar yielded 21% to the people of Paraná in 2023

Paraná's sugar producers had a good year in 2023. In terms of values, exports of the product grew by 21%, even though the volume destined abroad...
Jan 16 2024

Exports from Paraná grow 13.7% in 2023, better performance in the South and Southeast

With revenue of US$25.2 billion from sales to other countries in 2023, Paraná established a new annual export record. The value is 13.7% higher than...
Jan 02 2024

Mapa coordinates Brazil’s participation in 15 international food and beverage fairs in 2023

The Ministry of Agriculture and Livestock (Mapa) coordinated, in 2023, Brazil's participation in 15 international food and beverage fairs. The...

Quem acredita na Marcon

Nossos Clientes