Tuesday, November 11, 2014 – 11:30am
Signing of Cooperation Agreement Part of Chamber-led Delegation
WASHINGTON, D.C.—The U.S. Chamber-affiliated Brazil-U.S. Business Council (BUSBC), leading a business delegation to Brasília, today signed a Cooperation Agreement with the Brazilian National Confederation of Industry (CNI) to conduct studies on a potential trade agreement and report back to both governments on their findings.
“This marks a watershed for the U.S.-Brazil relationship,” said Cassia Carvalho, executive director of the Brazil-U.S. Business Council. “It illustrates the commitment that the private sectors of both our countries have to boosting growth and jobs by promoting bilateral trade and investment.”
“Brazil is currently the United States’ ninth largest goods trading partner, but there is room to grow that relationship,” noted Jodi Bond, vice president for the Americas at the U.S. Chamber and signatory of the Cooperation Agreement on behalf of the council. “This joint effort by the private sectors of both countries will shed light on exactly where the opportunities and challenges lie within the framework of a mutually beneficial agreement.”
The BUSBC-led delegation brought more than 50 business leaders from 31 U.S. companies to Brazil for meetings with government officials and policymakers in the energy, defense, and technology sectors. Throughout the trip, the delegation focused on its top policy priorities, including beginning a dialogue regarding possible agreements on trade and taxes and establishing visa-free travel between the two countries.
The trip was also the first opportunity for many members of the U.S. business community to observe Brazil’s changing political landscape following the recent re-election of Brazilian President Dilma Rousseff.
The Brazil-U.S. Business Council is the premier business advocacy organization dedicated to strengthening the economic and commercial relationship between the two countries.
International trade and investment are key components of the Chamber’s 2014 American Jobs, Growth, and Opportunity Agenda, an ambitious plan to generate stronger economic growth, create jobs, and expand opportunity for all Americans.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 60 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.