U.S.-Brazil Commercial Dialogue
U.S.-Brazil Commercial Dialogue
Trade Partnership Working Group
The Trade Partnership Working Group promotes U.S.-Brazil trade and investment by addressing business issues that cut across industrial sectors and government agencies. There are three major topics currently on the agenda of the Trade Partnership Working Group: (1) Regulatory Coherence; (2) Standards and Conformity Assessment; and (3) Trade Facilitation.
Regulatory Coherence
In November 2015, the U.S. Department of Commerce (Commerce) and the Brazilian Foreign Trade Chamber (CAMEX) signed a first-of-its kind Memorandum of Intent establishing an outline for continued exchanges of best practices for institutionalizing good regulatory practices. Improving the regulatory environment will save U.S. and Brazilian companies time and money by making the regulatory process more transparent, more consistent and more predictable.
Standards and Conformity Assessment
In June 2015, U.S. Secretary of Commerce Penny Pritzker and Brazilian Minister of Development, Industry and Foreign Trade (MDIC) Armando Monteiro signed a Memorandum of Intent on standards and conformity assessment. Under this MOI, Commerce and MDIC agreed to work towards a mutual understanding of the definition of an international standards and to promote greater alignment of standards and conformity assessment activities in the United States and Brazil. Greater alignment of standards and conformance will lead to lower costs and reduced time to market for U.S. and Brazilian companies.
Trade Facilitation
In November 2015, Commerce and MDIC agreed to a work plan to operationalize the Trade Facilitation Memorandum of Intent signed in March 2015. Under the trade facilitation work plan, Commerce and MDIC agreed to focus on three areas: (1) the use of electronic signatures to ease administrative burden; (2) trade facilitation capacity building for small- and medium-sized enterprises; and (3) best practices exchanges on trade management technologies. The rapid and secure movement of goods across borders is fundamental to increasing trade between the United States and Brazil.
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