US/Brazil to advance trade and economic cooperation agreement

Sunday, March 20th 2011 - 08:12 UTC

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Brazil and the United States agreed on Saturday to boost future cooperation on a range of key issues including trade and energy. The agreements were signed on the first day of US President Barack Obama's two-day visit to Brazil, where he met with Brazilian counterpart Dilma Rousseff. They include TECA, a trade and economic cooperation agreement with a road map for future negotiations. Read full article

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GeoffWard
“Both nations also will increase cooperation on producing bio fuels with a specific separate agreement to team up on developing biofuels for aviation.”
Note: ‘Co-operation’ on production, not relaxation of importation blockages imposed by the USA on Brasilian biofuels.

American (USA) Infrastructure involvement is restricted to the oil industry, where the USA will derive personal benefit; to the upcoming sports events, where Americans are worried for their safety; and to aid for Africa, where Brasil can reach the parts that the US can’t reach.

The Brasil-USA Trade and economic cooperation agreement (TECA) is an unknown quantity and is just ‘work in progress’ back on the table - not yet a usable ‘road-map’.

UN Security Council reform: the USA has a more pressing need to get India on the UNSC to offer some counterweight to China (and Pakistan) in Asia. So don’t hold your breath re. Brasil’s aspiration of being sponsored by the USA.

“International financial institutions should be modernized to reflect changes in the world economy, a joint statement said. There should be more transparency in commodity markets and improved regulation of price-setting mechanisms”. The pressing need is to band together to win revaluation of the Yuan

Space: the USA wants to use Brasil’s *equator-located* Alcântara launch-site.
Brasil’s major benefit will be earth monitoring (GIS/GIT) of vegetation (Climate-change, REDD+, Biodiversity Agreement agenda), and terrestrial metalliferous deposit detection. Such detection (by USA) will take the exploitation initiative away from China – a key USA strategic aim.

All in all - a well balanced outcome.
Mar 20th, 2011 - 12:20 pm - Link - Report abuse 0
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