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Brazilian Trade Minister Steps Down; More Time to Submit Input on Trade-Related Regulatory Agenda

Brazilian Minister of Industry, Trade and Services Marcos Pereira resigned from his post on 3 January. Mr. Pereira has presided over the centre-right Brazilian Republican Party (Partido Republicano Brasileiro) since 2011, and press reports indicate that he is expected to run for Congress in October. The now former minister tendered his resignation shortly after announcing a record US$67 billion trade surplus for Brazil last year (up from US$48 billion a year earlier), including substantial import and export gains (up by 10.5 percent and 18.5 percent in value terms, respectively, from a year earlier) after three and five straight years, respectively, of negative growth.

Meanwhile, the Brazilian government has extended from 8 January to 31 January the deadline for interested parties to submit input on practices and problems associated with domestic regulatory bodies that play a role in international trade. The results of this public consultation process will be used in the development of the international trade regulatory agenda for 2018-19. This initiative will also promote transparency and predictability, as it will make public the priority actions Brazil’s Foreign Trade Chamber (CAMEX) intends to put into practice among the various regulatory bodies with an impact on international trade. All interested parties are encouraged to submit comments, including civil society actors and foreign entities.

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