For Immediate Release: April 15, 2011
Contact: Lorri Crowley (202) 482-3809
Senior Commerce Trade Official Michael CamuÑez Spotlights U.S.-Brazil Relationship and Advances U.S. Trade and Market Access
RECIFE, BRAZIL – Assistant Secretary of Commerce for Market Access and Compliance (MAC) Michael Camuñez completed a four-day policy trip Brazil today. Camuñez built upon the positive momentum established during President Obama’s recent trip, and took steps to move towards a more robust relationship and increased bilateral trade.
“The United States is committed to deepening and growing our economic relationship with Brazil. This means supporting our most innovative companies, like these health technology firms, gain greater market access that also helps Brazil meet its public health commitments.”
Camuñez travelled to Sao Paulo, Brasilia, and Recife, Brazil, to reinforce the strategic importance of the U.S.-Brazil commercial relationship, and support U.S. trade and market access objectives. While in Brasilia, Camuñez led meetings with the AdvaMed trade policy mission, which coincided with his visit.
“I am pleased to be here with a delegation of U.S. medical technologies companies,” said Camuñez. “They are a dynamic example of how the private sector can lead on innovation, while delivering a public good – that of advancing global health care.”
While in Recife, Camuñez highlighted the International Trade Administration’s (ITA) new Growth in Emerging Metropolitan Sectors (GEMS) initiative.
“In support of President Obama's National Export Initiative, we are working to expand market access in rapidly developing regions as targets for U.S. export growth,” said Camuñez. “Recife and the State of Pernambuco are the engines of growth in Brazil, presenting tremendous opportunities for U.S. companies.”
With a potential market of 195 million consumers, and per capita incomes forecasted to grow at an average rate of six percent during the next several years, Brazil offers tremendous opportunities to U.S. exporters of goods and services. In the past five years, trade between the United States and Brazil has more than doubled with total U.S. goods and services exports to Brazil in 2010 estimated to be more than $50 billion. Brazil is among the fastest growing economies in the world and is anticipated to grow by between 4 and 5 percent in 2011.
International Trade Administration
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