Brazil and US Resume Trade Negotiations Focused on Data Centers
Brazilian Vice President Geraldo Alckmin announced the resumption of trade negotiations with the US, focusing on the Redata project for data centers. Discussions will address both tariff and non-tariff issues to create a mutually beneficial agreement.
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Brazil and the United States are set to resume trade negotiations, suspended since July, with a virtual meeting scheduled between Minister Márcio Elias Rosa and USTR representative Jamieson Greer. The Redata project, aimed at incentivizing data center investments in Brazil, is expected to generate R$ 1 trillion and will be voted on this week.
Alckmin emphasized the importance of discussing all relevant topics, stating there are no 'forbidden subjects' in the talks. With nearly 4,000 American companies in Brazil, strengthening commercial ties could enhance investment and trade, particularly in the context of abundant renewable energy in Brazil. The outcome of these negotiations ahead of the upcoming elections remains uncertain.
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