Nevertheless, the protocol contains important provisions – notably on the basis of the relevant CHAPTERS OF THE USMCA – that could help facilitate trade between the United States and Brazil in the medium and long term: in 2011, the United States and Brazil signed the Trade and Economic Cooperation Agreement to improve trade and investment cooperation between the two largest economies in the Western Hemisphere. The agreement expands our direct trade and investment relations by providing a framework for deepening cooperation on a number of issues of mutual interest, including innovation, trade facilitation and technical barriers to trade. Washington, D.C. – The United States and Brazil today signed a new protocol on trade rules and transparency. The agreement does not provide for tariff reductions, measures to promote cooperation in strategic sectors such as energy or infrastructure or disciplines applicable to express shipments. .