Economy

Brazil's Bolsonaro announces trade facilitation agreements with U.S.

The Brazil-US deal intention is to ensure good business practices and to stop corruption

FILE PHOTO: Brazil's President Jair Bolsonaro gestures during the launching ceremony of the Voo Simples program, which are a set of measures to modernize rules and reduce costs in the general aviation sectors, at the Planalto Palace in Brasilia, Brazil, October 7, 2020. REUTERS/Ueslei Marcelino
  • The package of trade facilitation measures includes topics to reduce bureaucracy, good regulatory practices, and an anti-corruption protocol;
  • Bolsonaro spoke on a virtual summit organized by the U.S Chamber of Commerce.

Brazilian President Jair Bolsonaro said on Monday Brazil’s relations with the United States are at their best moment ever and announced three trade facilitation agreements to ensure good business practices and to stop corruption.

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“This triple package will be able to slash red tape and bring about even more growth to our bilateral trade with beneficial results for the flow of investments as well,” Bolsonaro said at a virtual summit organized by the U.S. Chamber of Commerce.