BRASILIA: U.S. and Brazilian officials signed a package of agreements on patents and harmonization of regulations governing trade in machinery, equipment, electronics and lightning, the government said.
The accords will allow Brazilian firms in those sectors to obtain in Brazil the certifications they need to export their products to the United States, saving up to 30 percent in costs and 75 percent in processing time, the Ministry of Development, Industry and Foreign Trade said.
Initially, certifications in Brazil will be carried out by U.S.-based Underwriters Laboratories, though the task will eventually shift to the Brazilian National Institute of Measures, Quality and Technology.
On intellectual property, the U.S. Patent and Trademark Office and Brazil’s INPI embarked on a two-year pilot project aimed at streamlining procedures.
Abit and AAFA, representing the respective Brazilian and U.S. textile industries, agreed to begin a joint study of technical standards as a step toward convergence in trade regulations.
The Brazilian government began talks with Washington earlier this year to remove bureaucratic barriers to bilateral trade. The United States is Brazil’s No. 2 trading partner after China.
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