NOTE: The following report appears in both International Trade Today and Export Compliance Daily.
US, Brazil Make Trade Commitments
The U.S. and Brazil will initiate a mutual recognition agreement for trusted trader programs between the two countries at the instructions of President Donald Trump and President Jair Bolsonaro of Brazil, the White House said in a March 19 announcement.…
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An MRA "will reduce costs for American and Brazilian companies," it said. Brazil will also "implement a tariff rate quota, allowing for the annual importation of 750 thousand tons of American wheat at zero rate," the White House said. The U.S. will also "expeditiously schedule a technical visit" by the Food Safety and Inspection Service "to audit Brazil’s raw beef inspection system, as soon as it is satisfied with Brazil’s food safety documentation," the White House said. "Commensurate with its status as a global leader, President Bolsonaro agreed that Brazil will begin to forgo special and differential treatment in World Trade Organization negotiations, in line with the United States proposal," the White House said.