Progress in Strengthing of U.S.-Brazil Economic Relations

As the American Shipper reports, this week in Brazil took place  the eighth  U.S. – Brazil CEO Forum, a bilateral dialogue between members of the public and private sector to help advance the economic and commercial ties between the two countries. The Forum was co-chaired by officials from the Department of Commerce, White House National Security Staff, and their Brazilian counterparts

As U.S. Commerce Department officials said during this forum the progress was made to strengthen the economic relationship between the United States and Brazil.

The U.S.-Brazil CEO Forum was created to bring private sector leaders from both countries together to develop joint recommendations on how to deepen our commercial ties, and to present those recommendations to the U.S. and Brazilian governments. During the forum were proposed many recommendations from the CEOs, on topics ranging from tax issues, to efforts that will ease travel between our two countries, to cooperation on infrastructure development and to support of educational exchanges and workforce development.

Some of the recommendations are:

  • Calling on the governments to take advantage of the momentum from the recently-approved Tax Information Exchange Agreement (TIEA) to take on additional tax issues that could eventually pave the way for a Bilateral Tax Treaty.
  • Continuing to make progress on Brazil’s participation in the Global Entry Program, making it easier for Brazilians traveling to the United States on business to get through immigration at U.S. airports.
  • Continuing efforts to increase cooperation in the area of infrastructure and take advantage of the U.S. infrastructure trade mission, scheduled for May, to create opportunities for U.S. and Brazilian companies to partner on infrastructure improvements.
  • Continuing to cooperate on education and workforce development issues by supporting programs like President Obama’s “100,000 Strong in the Americas” initiative and Brazil’s “Scientific Mobility Program.”
  • Building on the work of the Strategic Energy Dialogue and involve the private sector in energy infrastructure and policy discussions.
  • Building on cooperation between the U.S. Patent and Trademark Office and Brazil’s National Institute of Industrial Property to engage in more formal work-sharing efforts to support innovation.
  • Continuing work begun under the Aviation Partnership Agreement to advance aviation cooperation and use the Aviation Partnership as a model for other sectors.

According to the officials, the Commerce Department will lead an infrastructure-focused trade mission to Brazil – as well as Colombia and Panama – in May. The goal of the mission is not only to increase U.S. exports, but share U.S. expertise in infrastructure development with these countries, and to demonstrate the United States’ commitment to a sustained economic partnership with Brazil and the region.

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