Mike Pompeo says US, Brazil need to reduce dependence on China tradeThe U.S. Secretary of State Mike Pompeo says the US and Brazil can ... 'decrease each of our two nations’ dependence for critical items,' coming from China. The U.S. Secretary of State Mike Pompeo warned on Monday the United States and Brazil need to reduce their dependence on imports from China for their own security as the two countries reinforced their business partnership, Reuters reports. At the summit organized by the U.S. Chamber of Commerce, Bolsonaro announced three agreements with the United States to ensure good business practices and stop corruption. The two countries signed the protocol outlining the three agreements late on Monday, saying they would set the stage for future talks on expanding trade ties between the two allies and identifying priority sectors to further reduce trade barriers. Pompeo said Brazil was getting closer to joining the Organization for Economic Co-operation and Development (OECD) grouping rich nations with the support of the United States.

Source: The Standard October 20, 2020 01:18 UTC