Recommendations on foreign trade policy

This document presents recommendations for Brazil’s foreign trade policy based on discussions and papers from the CEBRI International Trade and Global Economy Program. The objective is to contribute to the ongoing debate and assist the Brazilian society and government in making informed decisions in the coming years. The recommendations revolve around strengthening Brazil’s relations with major trade partners and active engagement in international economic governance organizations.The document emphasizes the importance of non-exclusive and open trade relationships that support economic, social, and sustainable development. It recognizes that Brazil’s diverse trade partners and the mix of exports and imports have been advantageous in the past and should continue to play a significant role in the current unstable international scenario. The authors argue that a more open, diversified, and regulated foreign trade environment will enhance Brazil’s ability to penetrate international markets effectively.The recommendations are organized into seven chapters, each summarizing the program’s proposals for different aspects of Brazil’s foreign trade policy.Chapter one focuses on Brazil’s trade relations with the United States. The recommendations suggest intensifying bilateral cooperation in strategic areas and promoting trade deregulation to improve relations and commitment to international trade-related obligations.Chapter two examines Brazil’s trade with China. It emphasizes the need for Brazil to enhance its productivity and competitiveness across various industries to maintain a lucrative partnership as long as China continues to demand Brazilian goods at competitive prices.Chapter three discusses Brazil’s foreign policy concerning the European Union (EU). It suggests that Brazil’s relationship with the EU would significantly improve if the country effectively addresses deforestation in the Amazon. Additionally, a unilateral trade deregulation program that benefits all trade partners, rather than favoring a specific country or region, would enhance bilateral relations.Chapter four evaluates the Mercosur economic bloc. The recommendations highlight the potential contribution of Mercosur to a trade policy that promotes competitiveness, economic growth, and job creation for Brazil. The authors emphasize the importance of leveraging the advantages of regional integration while addressing challenges in a balanced manner.Chapter five addresses the World Trade Organization (WTO). The document emphasizes Brazil’s commitment to strengthen the multilateral trade system through institutional reforms within the WTO. It also advocates for active participation in discussions on trade and sustainability, particularly in relation to the agricultural sector’s role and the environmental impacts of agricultural subsidies.Chapter six focuses on Brazil’s role as the chair of the G20. The recommendations suggest promoting debate and negotiations on reducing subsidies across sectors, supporting increased use of bioenergy, carbon capture, and renewable energy, as well as enhancing access to the digital economy and digital skills.Chapter seven discusses Brazil’s presence in the Organization for Economic Cooperation and Development (OECD). The recommendations highlight the benefits of Brazil’s accession to the OECD, such as exchanging experiences, improving public policies based on data and evidence, and shaping the organization’s priorities and actions.Overall, these recommendations aim to guide Brazil’s foreign trade policy, emphasizing the importance of strengthening relations with major trade partners, active participation in international economic governance, and promoting sustainable and inclusive development.

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