Visit Strengthens Brazil-U.S. Business Ties
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The 2014 World Cup and the 2016 Summer Olympics will put Brazil on a stage like never before. This attention for the world’s sixth-largest economy will be a catalyst for growth for decades to come, offering companies tremendous opportunities.
Harold Sirkin, a senior partner with The Boston Consulting Group, points out in BloombergBusinessweek, that in the last two decades Brazil has pursued trade liberalization with its Western Hemisphere neighbors, but unfortunately, the United States has been missing from that pursuit.
However, an important step toward furthering the bilateral relationship between Brazil and the United States took place last week during the Brazil-U.S. Business Council’s (BUSBC) Annual Advocacy Mission and the 30th Plenary Meeting in Brasília, Brazil.
BUSBC members and officials from Brazil’s public and private sectors discussed economic and commercial issues including the negotiation process for a Brazil-U.S. Bilateral Tax Treaty (BTT) and making it easier for tourists and business travelers to travel between both countries.
Greg Page, chair of the U.S. Section of the BUSBC and chairman of the board and CEO of Cargill said, “We have been vigorously working together with our partners in both governments and private sectors to further the Brazil-U.S. partnership and the key areas of mutual interest such as visas, innovation, and tax and investment cooperation."
While in Brazil, the BUSBC set an ambitious, long-term goal of launching discussions toward an overarching economic partnership agreement. From machinery to telecommunications services to energy and agricultural products, the United States and Brazil share a multi-faceted economic relationship that can be strengthened through closer ties.