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.
All six U.S. service members aboard a plane that crashed in western on Iraq on Thursday have died, the U.S. mil...
The treatment of some detainees in Georgia “has arguably reached the threshold of torture”, a probe into ...
Netflix has announced a sequel to the hit animated film K-Pop Demon Hunters, with director Maggie Kang saying she is excited to show audiences what...
Israeli Prime Minister Benjamin Netanyahu issued veiled threats to Iran’s new Supreme Leader, Mojtaba Khamenei,...
Uzbekistan is considering new measures that would make banks and payment organisations legally responsible for financial losses caused by cybercrim...
All six U.S. service members aboard a plane that crashed in western on Iraq on Thursday have died, the U.S. military confirmed on Friday (13 March). Meanwhile, one French soldier was killed in a drone attack in the Erbil region of northern Iraq, President Emmanuel Macron announced.
The treatment of some detainees in Georgia “has arguably reached the threshold of torture”, a probe into the country’s human rights situation backed by 23 OSCE members has found.
In times of geopolitical upheaval, nuance is often the first casualty. Complex realities are reduced to convenient narratives and countries caught in the crosscurrents of regional tensions find themselves portrayed through a single, often misleading lens.
Israeli Prime Minister Benjamin Netanyahu issued veiled threats to Iran’s new Supreme Leader, Mojtaba Khamenei, and Hezbollah on Thursday (12 March), during his first press conference since the conflict with Iran began.
The U.S. military confirmed on Friday (13 March) that all six service members aboard a plane that crashed in western Iraq on Thursday had died, as conflict in the Middle East continues.
The U.S. should shut down its military bases in the Middle East, Iran's new Supreme Leader Mojtaba Khamenei said on Thursday (12 March). His words were read out by a broadcaster on state Iranian television.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
At least 64 people have been killed in southern Ethiopia following recent landslides and floods, the regional government’s communications office said on Thursday (12 March), citing local police
Iran’s President Masoud Pezeshkian has set recognition of Tehran’s inalienable rights, payment of war compensation, and international guarantees against any future invasion as conditions for ending the U.S.–Israel war with the Islamic Republic.
NATO air defence systems intercepted a third Iranian ballistic missile over Türkiye early on Friday morning. The incident occurred at approximately 03:30 local time over the southern province of Adana.
The European Commission will instruct governments to be flexible in enforcing EU rules on gas imports, diplomats told Reuters on Thursday (12 March), a move likely to benefit imports from Azerbaijan.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13rd of March, covering the latest developments you need to know.
Ayman Ghazali, a 41-year-old U.S. citizen born in Lebanon, crashed his truck into the hallway of a Detroit-area synagogue on Thursday (12 March) while children attended preschool. Security personnel shot him dead during the confrontation, and authorities said no one else was seriously injured.
Balendra Shah is set to become Nepal's prime minister after winning a landslide in the country's 2026 elections. The election comes after a GenZ-led protest in which dozens died in September last year, helped to overthrow the government
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment