US, Brazil Strike Series of Agreements to Boost Commercial Ties
The U.S. and Brazil launched a new strategy to boost bilateral trade facilitation, regulatory cooperation, intellectual property protection and other commercial ties, the Commerce Department’s International Trade Administration said in a March 19 statement (here). The two sides signed a memorandum of intent to strengthen trade facilitation measures on March 19, following recent CBP collaboration with Brazilian officials, said the statement.
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Commerce and its Brazilian counterparts now plan to ask private sector stakeholders in both countries to chime in on ways to improve regulatory cooperation. A Brazilian official also told Commerce Deputy Undersecretary for International Trade Kenneth Hyatt the country is improving labor conditions in the textile sector, said Commerce.