The United States and Brazil, on Sunday, signed an accord opening a major portion of military spending to joint development, the Brazilian Foreign Ministry said. The agreement is known as an RDT&E (Research, Development, Testing and Evaluation) accord and involves, on the U.S. side, access by Brazilian companies to participation in projects backed by a $96 billion fund. The agreement came on the second day of a visit to Florida by Brazilian President Jair Bolsonaro. On Saturday, Bolsonaro met with U.S. counterpart Donald Trump. The two presidents discussed possible negotiations for a bilateral trade agreement. However, Trump did not explicitly rule out possible tariff hikes on Brazilian steel and aluminum imports. Trump reiterated U.S. support for Brazil’s petition to join the Organization for Economic Cooperation and Development (OECD). Bolsonaro will meet with business executives in Florida on Monday.
Link to Folha news agency release.More Testimonials