U.S. trade in goods and services with Brazil totaled $105.1 billion in 2019. Exports totaled $67.4 billion; Imports totaled $37.6 billion. The U.S. trade surplus with Brazil was $29.8 billion in 2019. The United States recorded a service surplus of $18 billion with Brazil in 2019, down 11.6% from 2018. The United States engages with Brazil on trade and investment issues through a series of initiatives. On 20 October, kimberly Reed, the chairman of the American Export Import Bank (EXIM Bank) reached a 5.6 billion R deal in Brasilia. Reais with Brazilian Economy Minister Guedes, which aimed to improve strong trade and economic relations between the two countries, in particular by helping Brazilian companies acquire technologies, equipment and other assets from the United States or other trusted suppliers, to guarantee Brazilian innovation and to encourage joint investment. For more information on the EXIM Bank agreement, click here on the fact sheet: br.usembassy.gov/export-import-bank-of-the-united-states/ ”Since their first meeting, President Trump and President Bolsonaro have shared a vision of a partnership for prosperity between the United States and Brazil and a desire for new trade initiatives. Today`s protocol uses the existing ATEC to establish common standards for both countries for effective customs procedures, transparent regulatory development and a robust anti-corruption policy that will provide a solid basis for closer economic relations between our two countries,” said Ambassador Robert Lighthizer.
The United States and Brazil have a centuries-old history of economic, political, social and cultural interactions. Most aspects of ongoing bilateral relations are anchored in important agreements negotiated over the years between the two countries. Below are the recent bilateral agreements between the United States and Brazil on important issues. The new protocol also creates the necessary conditions for future discussions on deepening and extending work within the framework of ATEC. The two countries will also seek to identify priority sectors in order to continue to reduce trade barriers from a broader perspective on bilateral economic and trade relations. The U.S. trade surplus with Brazil was $12.0 billion in 2019, an increase of 46.6% ($3.8 billion) over 2018. Cooperation between the U.S. Department of Defense and the Brazilian Ministry of Defense, as well as among our nations` military, is closer today than at any time in more than 30 years. For more than 50 years, the U.S.
Navy and the Brazilian Navy have been training together in UNITAS naval exercises. We enjoy close cooperation in Haiti through cooperation with MINUSTAH; Last year, we signed a U.S.-Brazil defence cooperation cooperation agreement, which encourages cooperation in areas such as research and development and logistical support, and promotes combined military training and joint military exercises, as well as an agreement on the general security of military information, which facilitates the exchange of secret defense and defense information between the United States and Brazil. Our nations are committed to cooperating more closely in the region on disaster management and crisis assistance initiatives. In 2011, the United States and Brazil signed the Trade and Economic Cooperation Agreement to improve trade and investment cooperation between the two largest economies in the Western Hemisphere. The agreement expands our direct trade and investment relations by providing a framework for deepening cooperation on a number of issues of mutual interest, including innovation, trade facilitation and technical barriers to trade.