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February 09, 2015

TRADE WITH U.S. is ''PRIORITY''- Brazil Foreign Trade Minister

Translated from: brasil247.com

"The trip to the United States this month is a clear signal that trade relations between the country and Brazil are a priority ," said Minister of Development, Industry and Foreign Trade , in 2014 , Brazilian exports to the US increased by 9.2% over the previous year; the same period, Brazilian imports from the country totaled US $ 35.298 billion and decreased by 2.7% compared to the previous year

Pernambuco 247 - A trip to the US this month is a clear signal that trade relations between the country and Brazil are a priority," said Minister of Development, Industry and Foreign Trade, Armando Monteiro Neto. The trip is scheduled for the 11th through the 13th of February.

 This is the first Monteiro trip as minister, and also the first trip of a minister from the new term admnistration to the United States. In Washington, Monteiro will meet with his counterpart, the US Commerce secretary, Penny Pritzker, and other of US government authorities. The meetings will address matters that can expand trade between the two countries.

Brazil and the United States are currently discussing topics related to trade facilitation and regulatory convergence that can quickly present advances to the flow of trade. In addition, issues related to infrastructure, renewable energy and water resources should gain attention in the bilateral thematic agenda.

 Commercial Exchange - In 2014 , Brazilian exports to the United States increased by 9.2% over the previous year, reaching US $ 27.144 billion. It is noteworthy that the US market has become the main destination of sales of manufactured goods last year, with shipments of US $ 15.065 billion, surpassing Argentina.

The main products sold by Brazil to the United States in 2014 were : crude oil (US $ 3.407 billion) , semi-manufactured products of iron and steel (US $ 2.205 billion), aircraft (US $ 1.930 billion ), engines and turbines for aircraft and parts (US $ 1.566 billion ) and coffee beans (US $ 1.194 billion ) .

In the same period, Brazilian imports from the United States totaled US $ 35.298 billion and decreased by 2.7% compared to the previous year. With this, the Brazilian deficit of $ 8.153 billion in 2014 decreased compared to 2013 (US $ 11.433 billion). The main products purchased by Brazil from the US market last year, were: fuel (US $ 3.837 billion), engines and turbines for aircraft and parts (US $ 1.949 billion) , pharmaceuticals (US $ 1.377 billion ), liquefied propane gas (US $ 1.078 billion ) and insecticides (US $ 946 million ) .

* With information from the press office.



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