The U.S. has reopened its doors to fresh beef from Brazil after a more than two-year ban, in a significant win for President Jair Bolsonaro ahead of a scheduled meeting with Donald Trump in March. Brazil can now begin shipping raw meat from cattle slaughtered from Feb. 21, according to a letter sent by the Food Safety and Inspection Service to the Brazilian minister. The U.S. suspended imports in 2017 after finding meat containing blood clots and lymph nodes. In 2016, sales of fresh Brazilian beef to the United States totalled $284 million.
The Brazilian telecoms regulator (Anatel) preparing to auction bandwidth for fifth-generation (5G) mobile data at the end of this year said any decision on the security risks of using Chinese technology will ultimately be taken by the president’s national security adviser. Anatel approved the rules for the auction published by the government last week and opened a public review. If confirmed, it will be the world’s largest 5G spectrum auction to date. Huawei is expected to play a big role in deploying 5G networks in Latin America despite U.S. efforts to block that growth.
Brazil meatpacker JBS (JBSS3.SA) said in a securities filing Tuesday that it has agreed to acquire five case ready production facilities from Empire Packing Company, as well as the Ledbetter brand for $238 million. The facilities are located in the United States and the transaction still requires regulatory approval.
The U.S. Department of Commerce reported its decision to remove Brazil from the list of developing countries, which may restrict trade benefits granted to nations in this category. Some practical consequences for Brazil may include the end of the unilateral exemption of export tariffs by the Generalized System of Preferences (GSP), the right to partial trade agreements with other developing countries, and part of the loans from the World Bank. Another 18 countries were also excluded, amongst them Argentina, Colombia, India and South Africa.
The Brazilian Association for the Development of Nuclear Activities (ABDAN) and the Nuclear Energy Institute of the United States (NEI) signed a memorandum of understanding during the Brazil-USA Energy Forum in Rio do Janeiro. In the presence of Brazil’s Energy Minister, Bento Albuquerque, and US Energy Secretary Dan Brouillette, a letter of intent was also signed between Eletronuclear and the US company Westinghouse to extend the life of the Angra I nuclear power plant.
The number of Americans booking flights to Brazil has jumped 39% since Jair Bolsonaro’s government waived a visa requirement for USA citizens in June, according to Embratur President Gilson Machado. With an annual budget that was increased by Bolsonaro to $120 million from $8 million, Embratur is planning to draw more tourists by launching a publicity campaign to sell Brazil as a new and safer country.
Donald Trump government is ready to help Brazil design more effective oil auctions, the U.S. secretary of energy Dan Brouillette said during a visit to Rio do Janeiro. In November, Brazil tried unsuccessfully to sell the rights to four offshore oil producing zones in a process that could have fetched some 106.5 billion reais ($25.5 billion) for Jair Bolsonaro’s government. Only two areas attracted bidders, both of which were consortia led by Petrobras.
Brazilian government has welcomed the United States’ change of stance to support Brazil’s bid to join the Organization for Economic Cooperation and Development (OECD) ahead of Argentina. The decision shows the construction of a “solid partnership” in the Brazil-United States relationship,” capable of generating short, medium and long term” results, Foreign Minister Ernesto Araújo published in a social network.