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US To Designate Brazil As Major Non-NATO Ally

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US President Donald Trump announced that he plans to designate Brazil as a "major non-NATO ally".

The move reflects Washington's commercial interests in the Latin American market where China earned major gains in recent years, and political interest in Brazil's neighbor Venezuela.

Trump announced the major diplomatic move in a White House news conference jointly addressed by him and his visiting Brazilian counterpart Jair Bolsonaro on Tuesday.

"We had a great meeting today. As I told President Bolsonaro, I intend to designate Brazil as a major non-NATO Ally, or even possibly, if you start thinking about it, maybe a NATO ally. We have to talk to a lot of people, but maybe a NATO ally — which will greatly advance security and cooperation between our countries," Trump told reporters.

Trump said the two nations, which are already working together to protect their people from terrorism, transnational crime, and human, drugs and weapons trafficking, look forward to an even deeper partnership.

The two leaders agreed to build a Prosperity Partnership to increase jobs and reduce barriers to trade and investment.

With this aim, the U.S.-Brazil CEO Forum has been revived, and a new U.S.-Brazil Energy Forum started.

Both the leaders announced the creation of a $100 million Biodiversity Impact Investment Fund that will catalyze sustainable investment in the Amazon region.

Trump said after 20 years of talks, a Technology Safeguards Agreement has been finalized to allow U.S. companies to conduct space launches from Brazil.

Also, the National Aeronautics and Space Administration and the Brazilian Space Agency signed an agreement to launch a jointly developed satellite in the near future.

The two Presidents reiterated their governments' solidarity with the Interim President of Venezuela, Juan Guaido.

Bolsonaro announced Brazil will exempt American citizens from tourist visa requirements.

NASA and the Brazilian Space Agency signed an agreement to launch a jointly developed satellite in the near future.

Brazil will implement a tariff rate quota, allowing them to import 750000 tons of American wheat at zero rate. The two countries agreed to allow the import of United States pork. Steps will be taken to resume Brazil's beef exports.

The Presidents instructed their teams to negotiate a Mutual Recognition Agreement concerning their Trusted Trader programs, which will reduce costs for American and Brazilian companies.

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