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Trade Agreement between Brazil and United States Will Not Include Free-Trade
A favorable bilateral relationship will not be enough to overcome historical barriers
Aug.20.2019 1:41PM
Marina Dias
WASHINGTON
The trade agreement between Brazil and the US will not include free trade in its traditional economic definition—total elimination of tariffs and other barriers between countries.
Officials participating in the negotiations say the deal not only involves taxes, but also non-tariff and investment issues, such as the integration of the steel and aviation parts production chain and partnerships in the agribusiness sector.
This synergy between the two governments will not be enough to overcome the politics that created historical economic barriers—
- US tariff quotas on the purchase of sugar from Brazil, for example. Many think the two countries need to work on resolutions that go beyond trade liberalization for the bilateral agenda to advance.
More:
https://www1.folha.uol.com.br/internacional/en/business/2019/08/trade-agreement-between-brazil-and-united-states-will-not-include-free-trade.shtml