A recent study by the U.S. Chamber of Commerce's Brazil-U.S. Business Council has revealed that a trade agreement between the two countries would have a beneficial impact on the U.S. economy.
As indicated in the study, a trade agreement would lead to job growth, increase wages and the national income and nearly double U.S. exports to Brazil.
“We hope the study’s results will be a constructive tool for bilateral government and private sector dialogues, with the goal of deepening U.S.-Brazil relations and paving the way toward a comprehensive trade agreement," Brazil-U.S. Business Council Executive Director Cassia Carvalho said.
The council, along with its member companies, feel that an agreement boosting trade and investment between the U.S. and Brazil will strengthen the countries' economic partnership for years to come.
“The commercial relationship the United States and Brazil have enjoyed over the last decade is deep and broad, and a U.S.-Brazil trade agreement would realize the full economic potential of this relationship,” Myron Brilliant, head of international affairs at the U.S. Chamber of Commerce, said. “This is not a short-term objective, but it’s important our two governments understand the benefits associated with expanding commercial ties through a trade negotiation.”