Guedes Signs An Agreement to Finance US Exports to Brazil that May Reach US $ 1 billion

Measure benefits goods and services such as telecommunications and 5G, energy and infrastructure

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Ricardo Della Coletta Thiago Resende Gustavo Uribe
Brasília

During the last visit of a delegation from the Donald Trump administration to Brasília, Minister Paulo Guedes (Economy) and the president of Exim Bank (Bank of Exports and Imports of the USA), Kimberly Reed, signed a memorandum to identify financing possibilities for exports from that country to Brazil that may add up to US $ 1 billion.

The document signed at the Itamaraty ceremony establishes commitments between Brazil and the USA to advance cooperation on trading goods and services, especially in telecommunications and 5G, energy, infrastructure, logistics, mining, and manufacturing.

Brazilian Finance Minister Paulo Guedes delivers a speech after holding a meeting with President Jair Bolsonaro and US National Security Advisor Robert O'Brien at Itamaraty Palace in Brasilia, on October 20, 2020. - The United States and Brazil signed three agreements Monday they said would expand and deepen their existing trade deal, the latest bonding moment under Presidents Donald Trump and Jair Bolsonaro. The new protocol adds chapters on facilitating trade, regulatory practices and anti-corruption measures. (Photo by EVARISTO SA / AFP) - AFP

President Jair Bolsonaro, US national security adviser Robert O'Brien and Guedes participated.

The ceremony marked the end of the activities of the delegation led by O'Brien. During these events, Brazil and the US signed a trade facilitation agreement and in which Brazil will establish barriers to the Chinese company Huawei in 5G networks.

"We believe that the economic collaboration agreement between the United States and Brazil will have promising results," said Reed.

Translated by Kiratiana Freelon

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