The past few years, we have been watching and listening about new trade developments. Could there be a future for Brazil and the United States for a bilateral free trade agreement? Some industry leaders are worried that there could be. Following Brazil’s recent presidential election, news of a possible bilateral trade agreement between the United States and Brazil have begun to emerge.
U.S. President Donald J. Trump and newly-elected Brazilian President Jair Bolsonaro spoke on an October 29th phone call, with Trump soon after stating that he sees a U.S-Brazil free trade agreement “happening.” United States Cattlemen’s Association President Kenny Graner issued the following statement on this recent development.
“USCA is concerned with statements made by President Trump that detail a U.S. willingness to engage in bilateral trade talks with Brazil. The country is, historically, a bad actor when it comes to following through on trade commitments.”
“In 2016 and 2017, USCA called on the U.S. Department of Agriculture to halt importation of Brazilian beef upon finding that the country was attempting to ship tainted beef to the United States. A system of corruption was later exposed throughout the Brazilian production chain, as multiple meat inspectors were prosecuted for accepting bribes in exchange for allowing tainted meat through inspection checks.
“We encourage the Administration to reach out to its industry partners and other stakeholders if and when the conversation turns to establishing a U.S.-Brazil free trade agreement.”