The Brazil-US Chamber of Commerce Calls for Enhanced Cooperation Between the Two Countries

According to a report on the BNAmericas website, business leaders from Brazil and the US have called for enhanced cooperation between the two countries in critical minerals to address escalating global trade conflicts.

The US Chamber of Commerce for Brazil, Amcham Brasil, and the US Chamber of Commerce (USCC) jointly proposed a series of recommendations to deepen cooperation between Brazil and the US, with a focus on strengthening the supply chains for critical minerals and rare earths.

The document was submitted to the governments of both countries during a visit to Brazil by a US business innovation delegation, which was led by entities from both countries and held events in Brasilia and Sao Paulo from June 3 to 6.

"Critical minerals are the foundation of the global economy and will become even more important in the future. The US and Brazil must strengthen their partnership to jointly ensure a secure and responsible supply chain for critical minerals. Our proposal is mutually beneficial for both countries and will help drive innovation and growth," said Marty Durbin, the USCC's Executive Vice President for Policy, who led the USCC's delegation to Brazil.

"Through strategic and pragmatic initiatives, this proposal offers us an opportunity to tap into the potential of both countries," he added.

The proposal, developed through long-term bilateral dialogue between the two organizations, outlines five key initiatives:

◎Action Plan for Strategic Minerals Dialogue;

◎Joint Geological Mapping;

◎Provision of Financing and Guarantees;

◎Mineral Processing Technology and Commercial Partnerships;

◎Promotion of Community Engagement and Best Practices for Sustainable Development.

These recommendations from business leaders of both countries come at a time when the global trade war initiated by the US government has exposed the vulnerabilities of international supply chains, particularly those related to critical minerals.

Brazil's proposal also comes at a time when specific industries, such as aluminum and steel, have expressed strong dissatisfaction with the US government's decision to raise tariffs on these products.