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Brazil
The Brazil-US Business Council today signed a Cooperation Agreement with the Brazilian National Confederation of Industry (CNI) to conduct studies on a potential trade agreement and report back to both governments on their findings.
According to Demétrio Magnoli, Brazil must become a member of trade blocs to avoid isolation, but the ideological view of the Brazilian Workers Party prevents this.
Brazil will propose next Tuesday during the Mercosur summit that the group and the Pacific Alliance reach an agreement on free trade by the end of the year, according to official sources.
South Africa’s negotiations with Brazil to sign FTAs to allow the import of cheap meat into South Africa will have implications for Namibia.
Free trade agreements won’t hold favourable implications for Namibia’s weaner industry and the opportune thing for local producers along with government, is to get together and have a round table discussion to come up with plans on how to convert potential challenges into opportunities.
Brazil and Argentina signed a deal over the weekend that seeks to guarantee importers will have enough U.S. dollars to pay for exports, a move to increase trade between both nations that has been hit hard by a sharp depreciation of the Argentine peso.
Mercosur is preparing for trade negotiations with the European Union and they include Argentina, said on Friday Brazilian finance minister. The comment seems to contradict other recent statements which said the trade deal with the EU will go forward with or without a reluctant Argentina.
Brazil’s government is ready to present a proposal that would put 90% of its commerce with the European Union under a free-trade agreement, but the effort could stall on resistance from the country’s existing partners in the regional Mercosur trade bloc.
Dilma Rousseff cancels visit and mutual trade pact on revelations that US’ National Security Agency hacked into presidential emails
The 28-country European Union underscored the potential benefits of a free trade agreement with Mercosur and revealed that so far no country member of the group has requested to a bilateral negotiation.
Brazil’s rising prosperity has led it to consider pushing for its own trade deal with the EU, after years of struggling to reach one alongside its neighbours.
The Minister of Development, Industry and Foreign Commerce, Fernando Pimentel, suggested that Brazil could postpone the date the auto parts and automobile free trade agreement between Brazil and Argentina will become effective - the scheduled date is July.
Brazil and China have agreed to pay for trade transactions in local currencies (the real and the yuan or renminbi). The currency swap agreement will be backed by US$ 30 billion (R$60 billion or 190 billion yuans).
Brazil on Monday escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official told Reuters.
On the occasion of Brazilian President Dilma Rousseff’s visit to the United States on April 9, the US Chamber of Commerce (USCC) President and CEO Thomas Donohue called on the two countries to begin discussions on a comprehensive Economic Partnership Agreement (EPA).
Argentina’s controversial new import restrictions came into effect on Wednesday as part of the legislation on the trading sector which gives the government bureaucracy more powers to control and restrict imports.
The African, Caribbean and Pacific Group of States (ACP Group) and the Federative Republic of Brazil today signed a landmark agreement to build South-South solidarity through enhanced technical cooperation and dialogue between the two parties.
South Africa is achieving significant success in trade with its Ibsa part- ner countries, India and Brazil, President Jacob Zuma highlighted at a press conference in Pretoria last week. (South Africa hosted the fifth Ibsa Dialogue Forum summit on October 17 and 18.)
Now that US Congress approved free-trade agreements with South Korea, Colombia and Panama, trade experts want lawmakers to harness the momentum and turn their attention to other potential deals in what is seen as a way to boost the economy and create jobs: sealing the Trans-Pacific Partnership, getting Russia to join the WTO, and creating FTAs with the EU and Brazil.
In a show of the importance the Canadian government places on relations with Brazil and Mercosur the delegation includes four cabinet ministers and a cadre of business leaders. Canada has reiterated its interest in reaching a trade agreement with Brazil and Mercosur, which will be one of the main points of the recently created Brazil-Canada CEO forum.
