2010–2011 Policy Achievements

The main policy achievements that the Brazil-U.S. Business Council strongly advocated for in 2010 and 2011 include the following:

• Approval by the Brazilian House of Representatives of the 2007 U.S.-Brazil Tax Information Exchange Agreement (TIEA).
• Approval by the Brazilian National Congress of the 2009 Agreement on Visas implementation bill.
• Signing of the 2010 Memorandum of Consultations (MOC) on Civil Aviation.
• Establishment of the Brazil Trade ActionCoalition (BRAZTAC).
• Signing of the 2010 U.S.-Brazil temporary agreement to avoid nearly US$1 billion in Brazilian trade retaliation against U.S. goods and intellectual property rights in connection with the WTO cotton dispute.
• Establishment of an electronic express delivery processing system (Sistema Remessa) by the Brazilian Federal Revenue Service (RFB).
• Signing of the 2011 U.S.-Brazil Agreement onTrade and Economic Cooperation (ATEC).
• Signing of the 2011 U.S.-Brazil Open Skies Air Transport Agreement.
• Defeat of the First Kind Amendment (February 2011) and the DeLauro Amendment (May 2011) that would have dismantled the 2010 U.S.-Brazil temporary agreement in connection to the WTO cotton dispute.
• Implementation of the World CustomOrganization Istanbul Convention in 2011.
• Approval of ATA Carnet.
• Renewal of the U.S. Generalized System of Preferences with the maintenance of Brazil as beneficiary country.