Brazil is committed to ongoing trade negotiations with the U.S. while emphasizing its support for multilateralism and aiming to expand its trade network, according to Foreign Trade Secretary Tatiana Prazeres.
Brazil will pursue trade negotiations with the U.S. while reaffirming its support for multilateralism and seeking to expand its network of trade agreements, Foreign Trade Secretary Tatiana Prazeres said on Thursday.
"Our approach (with the U.S.) is to negotiate, negotiate, and negotiate - that's what we've been doing," Prazeres said at an event organized by the Brazil-China Business Council (CEBC).
She stressed that increasing sales to the European Union - with whom the South American Mercosur bloc hopes to ratify a long-awaited trade deal- could help diversify exports.
Mercosur is also advancing talks with EFTA, the European Free Trade Association formed by Norway, Switzerland, Iceland and Liechtenstein, she noted.
According to Prazeres, Latin America's largest economy could benefit from trade flow shifts caused by sweeping new tariffs announced earlier this month by U.S. President Donald Trump's administration, as occurred in the past when Brazilian soybean exports to China surged during Trump's first term.
However, she emphasized that Brazil does not favor a scenario of volatile and unilateral tariff swings hampering the global economy, emphasizing that for some commodities, Brazil simply does not have a market that can replace what China buys.
"There are significant risks for the global economy, international trade, and trade governance," she warned.
"Brazil has always supported multilateralism and rules-based trade and does not want to see the current situation deteriorate."
On China, Brazil's top trade partner and a major buyer of its soybeans, iron ore and crude oil, Prazeres said that removing sanitary, phytosanitary and regulatory barriers could significantly boost Brazilian exports.
She also called the bilateral relationship "dual," noting that while China is a major buyer of Brazilian goods, its exports also put pressure on domestic industries such as consumer goods and automobiles.
Chinese investment in Brazil's auto sector and in productive capacity has helped ease some of those tensions, said Prazeres.
Kazakhstan and Uzbekistan have signed a new agreement on the transportation of natural gas through Uzbek territory, strengthening bilateral energy coo...
Filmmaker Rob Reiner and his wife Michele were found dead in their Los Angeles home in an apparent homicide, with police arresting their son, Nick Rei...
U.S. envoy Steve Witkoff and Ukrainian President Volodymyr Zelenskyy held two rounds of high-stakes talks in Berlin, Germany on 14-15 December. Ukrain...
Thailand’s military has halted fuel shipments through a key border checkpoint with Laos, citing intelligence that supplies were being diverted to Ca...
Afghanistan’s cities are facing worsening electricity shortages that are disrupting daily life and compounding an already severe humanitarian crisis...
Filmmaker Rob Reiner and his wife Michele were found dead in their Los Angeles home in an apparent homicide, with police arresting their son, Nick Reiner, who is being held on a $4 million bond.
U.S. envoy Steve Witkoff and Ukrainian President Volodymyr Zelenskyy held two rounds of high-stakes talks in Berlin, Germany on 14-15 December. Ukraine’s chief negotiator, Rustem Umerov, posted on X that discussions with the U.S. envoy have been "constructive and productive".
Afghanistan’s cities are facing worsening electricity shortages that are disrupting daily life and compounding an already severe humanitarian crisis, according to the United Nations Human Settlements Programme (UN-Habitat).
Kazakhstan is assessing the scale of damage and potential losses following a recent attack on infrastructure operated by the Caspian Pipeline Consortium, a key export route for the country’s oil.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman, detaining all 18 crew members on board.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
Filmmaker Rob Reiner and his wife Michele were found dead in their Los Angeles home in an apparent homicide, with police arresting their son, Nick Reiner, who is being held on a $4 million bond.
U.S. envoy Steve Witkoff and Ukrainian President Volodymyr Zelenskyy held two rounds of high-stakes talks in Berlin, Germany on 14-15 December. Ukraine’s chief negotiator, Rustem Umerov, posted on X that discussions with the U.S. envoy have been "constructive and productive".
Thailand’s military has halted fuel shipments through a key border checkpoint with Laos, citing intelligence that supplies were being diverted to Cambodian forces amid escalating clashes along the disputed frontier.
Afghanistan’s cities are facing worsening electricity shortages that are disrupting daily life and compounding an already severe humanitarian crisis, according to the United Nations Human Settlements Programme (UN-Habitat).
Oil prices are rising worldwide as investors assess supply risks linked to growing tensions between the United States and Venezuela after the former seized an oil tanker Skipper on 10 December, a move Caracas calls “international piracy”.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment