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.
The U.S. will impose unprecedented measures on Iran in order to economically isolate the country, U.S. Treasury Secretary Scott Bessent has said...
Georgia could gain a direct electricity link to Europe under plans for a new overland energy corridor connecting Azerbaijan, Georgia, Türkiye ...
Türkiye has unveiled plans for joint military exercises and defence production with Saudi Arabia and Pakistan under a new security pact that i...
Flights at Catania airport in Sicily will remain suspended until early Friday as ash from Mount Etna continues to disrupt air travel, following hundreds of cancellations and diversions over the past week.
Hundreds of flights have been cancelled or rerouted at Catania Airport over the past week as ash from Mount Etna’s ongoing eruption continues to disrupt air travel in Sicily.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
The U.S. will impose unprecedented measures on Iran in order to economically isolate the country, U.S. Treasury Secretary Scott Bessent has said.
Russia has accused Ukraine of threatening global grain supplies after recent strikes on Black Sea agricultural infrastructure, while Moscow carried out a new overnight attack on Ukraine’s major Danube port of Izmail.
Iran and Afghanistan are seeking closer cooperation in agriculture, livestock and irrigation during a three-day Iranian ministerial visit to Kabul, as both sides look to strengthen trade and rural economies.
At least 437 civilians were killed and 2,610 injured in Ukraine in July, according to UN investigators, marking the highest monthly civilian casualty toll since March 2022.
Record rainfall in Japan killed eight people and stranded thousands of travellers at Tokyo's Narita Airport on Friday, as flooding disrupted transport and cut power to 20,000 homes.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 14th of August, covering the latest developments.
Ukraine’s attacks on Russian ports, refineries and shipping infrastructure are putting Moscow’s energy exports under growing pressure and disrupting key trade routes, raising concerns over commercial shipping and global food supplies.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment