Trip to Brazil Provides Important Recommendations for Improved Trade Relations

Last week, I had the pleasure of traveling to Brazil and meeting with government officials and business leaders to discuss a prosperous economic future between our two countries. During the visit, we fostered an open dialogue that I believe will open doors for a stronger partnership in trade and investment for many years to come.

 

While in Brazil’s capital, Brasilia, I had the opportunity to co-chair the ninth session of the U.S.-Brazil CEO Forum. During the Forum, I heard directly from Brazilian and American business leaders on the importance of moving bilateral trade relations forward. Their input helps us create the best possible environment for businesses and deepen our economic and commercial ties with Brazil. 

 

The dialogue that took place at the CEO Forum allowed us to pinpoint several key policy priorities to focus on as we strengthen our relationship and enhance our global competitiveness. These policy priorities include improving trade facilitation, aligning U.S. and Brazilian standards, and exploring how our countries can improve cooperation in the areas of defense and healthcare.

 

On these issues – and more – our political leaders have significant work to do, but so do our business leaders. The CEOs who participated in the Forum see the challenges and opportunities in our markets every day, and we need their perspective on how to improve the conditions for greater trade and investment between our nations. As business leaders, they inform our work as governments and help shape our government-to-government agenda. They provide a steady and continuous voice in our bilateral ties and in our ongoing efforts to develop smart, effective economic and commercial policies. Even though the ninth meeting of the Forum has concluded, our government will continue to work with private sector leaders to strengthen the economic ties between our countries.

 

These conversations come at a critical time as we look to modernize our trade legislation at home. Currently, 96 percent of the world’s customers live beyond U.S. borders. Negotiating modern trade agreements such as the Trans-Pacific Partnership is essential to spurring economic growth, creating jobs, and leveling the playing field for American workers.

 

The eagerness to strengthen our economic relationship between U.S. and Brazil is evident. Brazilian President Dilma Rousseff will travel to Washington next week to meet with President Obama and continue the work that was accomplished at the CEO Forum. Secretary Pritzker and I look forward to President Rousseff’s visit, and to working with our American and Brazilian partners as we deepen our commercial relationship and continue our long and strong friendship.