The Brazilian Global Network published an article on March 9 titled "Rousseff Decides to Bet on the United States for Recovery", the full text of which is as follows:
Without any exaggeration, President Rousseff's second term made a change in foreign policy that had never been seen before: to go all out to prioritize economic and trade relations with the United States. Once upon a time, or since its predecessor Lula came to power in 2003, Brazil's model of diplomacy has been South-South cooperation, with a focus on developing relations with poor countries in the South and developing economically powerful countries.
The economic recovery in the United States is seen as saving manufactured Goods from Brazil. Trade and Industry Minister Armando Monteiro visited Washington last month and, in the just-opened negotiations, Pakistan believes that bilateral trade has the potential to grow by 50 percent, that is, by $30 billion a year.
"For Brazil, the United States is an extremely important market," Monteiro noted. We have established a timeline for achieving tangible results in the short term. ”
To appease investors, Treasury Secretary Joaquim Levy also visited the United States last month. And last week, Kevin Wolf, the U.S. Department of Commerce's assistant secretary for exports, came to Brazil to explain to the government and business community how to buy U.S.-regulated products.
The President's visit to the United States in the short term
The national export plan, which will be announced in the coming days, will identify markets that prioritize trade agreements, from which the United States will gain prominence. There is a consensus among governments and the private sector that if the problems of the past were high tariffs, the main obstacle now is the various legal provisions.
Gabriel Rico, president of the Brazilian-American Chamber of Commerce, said: "Brazilian and American entrepreneurs are bullish on this proximity. The current job is to pave the way for Rousseff's visit to the United States, which may be in the second half of this year or next year. ”
At the heart of the visiting agenda is how to facilitate trade and to do so, to harmonize the legal provisions of the two countries. The same content will also form the basis for Brazil's trade with other markets, such as the European Union and China.
The data shows that the United States has recently returned to Brazil's largest trading partner. In February, Brazilian exports to China plummeted by more than 40 percent, while exports to the United States rose nearly 10 percent. In addition, Brazil accounts for less than 2% of U.S. global trade.
Michelle Fernandes, head of next Global, a foreign trade franchise, said: "The economic recovery in the United States has made it a major target for our exports of commodities and manufactured goods. In terms of imports, it is also the best opportunity for us to invest in high-tech and new industrial parks. ”