The United States and Brazil entered into the Agreement on Trade and Economic Cooperation (ATEC) in 2011. The ATEC establishes the Commission on Economic and Trade Relations as the primary mechanism for bilateral trade and investment issues, under which technical work and negotiations take place. The Commission last met in 2016.
In 2020, Brazil and the United States expanded the ATEC with a new Protocol Relating to Trade Rules and Transparency. That Protocol, which includes annexes on Trade Facilitation and Customs Administration, Good Regulatory Practices, and Anti-Corruption, entered into force in 2022.
- Fact Sheet on ATEC Protocol
- Press Release and Joint Statement on Conclusion of ATEC Protocol Negotiations
Other statements related to bilateral work:
- 2016 Press Release – Third Commission Meeting under ATEC
- 2013 Press Release – Second Commission Meeting under ATEC
Brazil Trade Summary
U.S. total goods trade with Brazil were an estimated $92.0 billion in 2024. U.S. goods exports to Brazil in 2024 were $49.7 billion, up 11.3 percent ($5.0 billion) from 2023. U.S. goods imports from Brazil in 2024 totaled $42.3 billion, up 8.3 percent ($3.2 billion) from 2023. The U.S. goods trade surplus with Brazil was $7.4 billion in 2024, a 31.9 percent increase ($1.8 billion) over 2023.
