The Office of the US Trade Representative announced this Wednesday (2) that an agreement on trade rules and transparency between the United States and Brazil entered into force. The agreement (referred to as Protocol), signed in October 2020, sets out a series of points related to trade processes between the two largest economies of the Americas. The Protocol includes online publication of customs information and other border information, including practical steps for import, export and transit; fees, taxes and current fees charged at the border. In addition, the agreement includes Anti- corruption commitments, with obligations to adopt measures to prevent and combat bribery; effective and persuasive sanctions for corrupt acts; procedures to denounce acts of corruption and protection for people who report corruption. Ambassador Jayme White said that the protocol is “a long-term investment” in a “bilateral relationship”. “The Protocol is an opportunity for Brazil to demonstrate its willingness and capacity to meet high standards for governance and transparency,” he said.
Sources: Estadão/Revista Globo Rural (*Translated by Ia Niani)