US and Brazil Announce Trade Commitments

Posted by Matt Schmitt on 3/20/19 5:00 PM

On March 19, 2019, the U.S. and Brazil released a joint statement on a number of trade-related commitments.

Both Presidents intend to negotiate a Mutual Recognition Agreement on each country’s Trusted Trader programs. Brazil will implement an import tariff rate quota up to 750 thousand tons of U.S. wheat with a zero rate of duty. As part of the trade commitments, “the United States agreed to expeditiously schedule a technical visit by the United States Department of Agriculture’s Food Safety and Inspection Service to audit Brazil’s raw beef inspection system.”

 

The Whitehouse press release may be found here:

https://www.whitehouse.gov/briefings-statements/joint-statement-president-donald-j-trump-president-jair-bolsonaro/

Topics: Brazil, MRA

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