|
|
|
US pledges to increase trade with Brazil
|
|
|
|
Top Stories |
|
|
|
|
IANS | 15 Sep, 2019
US Secretary of State Mike Pompeo promised his Brazilian counterpart
that exchanges of goods and services between the two countries will
increase but made no mention of a possible bilateral free-trade deal.
"All
of Brazil's efforts give the United States great confidence to
cooperate in new ways. We're going to grow our trade relationship that
already accounts for more than $100 billion annually," Pompeo said at a
joint press conference with Ernesto Araujo at the State Department on
Friday, Efe news reported.
The US's top diplomat hailed the
strong partnership between President Donald Trump's administration and
the government of rightist Brazilian head of state Jair Bolsonaro in
terms of the economy and regional security.
He also said Brazil
was a key partner in helping confront the "man-made crisis in Venezuela
and push back against tyrants in Cuba and Nicaragua."
"Together
we're seizing the opportunity to cement a future of security, prosperity
and democracy for our people and for the entire hemisphere," Pompeo
said.
For his part, Araujo said Brazil and the US have a "common
vision, a common philosophy," adding that their ties "can be and must be
even stronger."
He said the two administrations are trying to
translate that vision into their economic exchanges and that that
process is advancing very quickly and responds to the "huge expectations
from our private sector and productive sector, which we're seeing again
in the area of security and defence."
Neither Pompeo nor Araujo
took questions from reporters and did not indicate the current state of
bilateral free-trade negotiations.
In late July, Trump said he
wanted to negotiate a trade deal with Brazil and praised Bolsonaro as a
"great gentleman" with whom he has a "fantastic relationship."
Brazil and the US started negotiating a trade deal at that time, but few details are known about those discussions.
In
remarks to reporters on Thursday, Araujo said the talks are currently
focused on establishing quotas for the exchange of specific goods, such
as beef and steel, and that negotiators later will set the terms of a
deal that eliminates or substantially lowers tariffs.
In 2011,
Brazil and the US signed an agreement to facilitate exchanges of goods
and services, but that trade pact did not end cross-border duties.
Trade between the US and Brazil amounted to $103.9 billion in 2018, according to the Office of the US Trade Representative.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|