Farmers in Brazil and Argentina are concerned about Brazilian President Jair Bolsonaro’s agreement to import 750,000 tonnes of wheat from the United States without the 10 percent tariff .
The two leaders made a number of trade-related commitments, including allowing for the annual importation of 750 thousand tons of American wheat to Brazil at zero rate and the possible resumption of US beef imports from Brazil.
This agreement opens an annual opportunity for US wheat farmers to compete on a level playing field for 750,000 metric tons (about 28 million bushels) of wheat under the tariff rate quota.
Brazil is considering granting an import quota of 750,000 metric tons of US wheat per year without tariffs in exchange for other trade concessions, according to Brazilian officials.
Brazilian Agriculture Minister Tereza Cristina Dias said that she will discuss US-Brazil trade in meat, sugar and ethanol in talks next week between officials of the two countries.
Bolsonaro will meet with US President Donald Trump in Washington and the two leaders are expected to discuss bilateral trade.
This is the first time the two blocs are meeting after statements made by France’s Macron about Brazil’s Bolsonaro caused tension and doubt about the partnership.
Chile and Brazil have signed a free trade agreement that scraps red tape and tariffs between the two South American economies.
Brazil, Argentina see Mercosur nations doing individual pacts. Growing support across trade bloc for pro-trade reforms.
Brazil’s presidential front-runner Jair Bolsonaro is mulling an overhaul of the South American trade bloc Mercosur in case he wins the country’s top job this month, a senior adviser told Bloomberg News.
Until Friday (October 19) the teams of Chile and Brazil working on a new Free Trade Agreement between the two countries will meet in Santiago.
The signing of FTA will open a new avenue for Bangladeshi goods in the Latin American country.
Despite challenges, the experiences of South Africa and Brazil demonstrate that there is room for genuine reimagination of the investment regime, where the interests of investors are matched with the development concerns of host countries.
Brazil and Chile launched the first round of negotiations for a “second generation” free trade agreement, since they already have 100% of their trade released for more than 20 years.
The Chilean President Sebastián Piñera and Brazilian President Michel discussed a proposal for a free trade agreement between Brazil and Chile.
Japan may soon manage something that the European Union has not yet done in South America, as negotiations to become an economic partner with the Mercosur trading block push ahead.
Malaysia is studying the possibility of establishing a free-trade agreement (FTA) with Brazil, International Trade and Industry Ministry Secretary-General Datuk Seri J Jayasiri said.
The Protocol draws significantly on the Brazilian model investment agreement, which stands out for departing from the traditional design of Bilateral Investment Treaties, particularly by excluding the possibility of investor-State dispute settlement (ISDS).
Brazil insists that it will not table a new offer as part of the ongoing EU-Mercosur talks until a proposal on beef and ethanol is on the table.
Brazil has never approved any BITs nor did it sign the ICSID Convention but it continued to receive significant amounts of foreign direct investment (FDI), consolidating its position as one of the world’s top recipients of FDI