05-05-2010 15:32 Brazil
Brazil and U.S to improve trade and bilateral investments
BRASILIA, May 5 (NNN-PRENSA LATINA) - Brazil and the United States have began discussion to improve trade and bilateral investments with the U.S still awaiting for possible sanctions by Brazil for its cotton subsidies.
Secretary of Foreign Trade of the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC), Welber Barral and Undersecretary for International Trade of the U.S. Department of Commerce (DOC) Francisco Sanchez are currently meeting here.
The MDIC-DOC representatives are meeting for the fifth time since its creation in 2006 to exchange technical information in the areas of trade promotion and investment, facilitation of business and of metrology cooperation and intellectual property.
Items such as the movement of goods and services and sectorial subjects as the monitoring of road traffic, digital radio, textiles, wood and furniture are included in the agenda.
An MDIC communiquй points out that patents and markets and technology transfer will be discussed in the intellectual property area while in the metrology sector, items as the standardisation in biology and biofuels will be analysed.
On April 22, the Brazilian government extended for another 60 days the application of sanctions on the U.S since the negotiations between both sides concluded with the adoption of a Memorandum of Understanding (MOU) two days earlier. --