[20201023]IF10447_美巴贸易关系.pdf

https:/crsreports.congress.gov Updated October 23, 2020U.S.-Brazil Trade RelationsOverview The United States and Brazil have enjoyed a strong economic relationship for many years. In 2019, Brazil ranked second among the United States Latin American trading partners in goods and 19th among all U.S. trading partners. In March 2020, President Donald Trump and President Jair Bolsonaro announced plans to deepen the bilateral trade relationship and potentially move toward free trade agreement (FTA) negotiations in the years to come. Those discussions led to a “mini trade deal,” signed in October 2020 to facilitate trade, improve regulatory cooperation, and strengthen anti-corruption efforts. President Bolsonaro, who entered into office in January 2019, is pursuing free-market reforms during his four-year term, which ends in December 2022. He has taken steps to cooperate with the United States on issues of mutual interest. Brazils long-term trade strategy, however, is bound by its status as a party to the Mercado Comn del Sur (MERCOSUR), a common market trade arrangement with Argentina, Paraguay and Uruguay. If Brazil were to pursue an FTA, it would have to decide whether to pursue it to