U.S., Brazil Sign Maritime Agreement

Monday, October 03, 2005
U.S. ship operators will gain greater access to Brazil’s government cargo business while Brazil’s carriers seeking access to U.S. markets will be assured equal treatment, under an agreement signed today by U.S. Transportation Secretary Norman Y. Mineta and Brazilian Ambassador Roberto Abdenur in Washington, D.C.

“Free trade helps everyone – shippers, carriers and most of all consumers,” Secretary Mineta said. “This agreement will provide for greater competition in shipping that will benefit both the United States and Brazil.”

The new agreement requires both sides to provide equal treatment for the other’s carriers in maritime-related services and facilities, including shipping taxes. It also provides unlimited access for U.S.-flag carriers to government-controlled cargoes whose shipments are arranged by the Brazilian government, which historically has been a significant portion of that country’s commercial cargo.

The agreement was reached after more than three years of negotiations. Brazil’s Congress must ratify the agreement before it can be brought into force. No U.S. ratification is needed.

The United States and Brazil signed a similar agreement in 1999, but it was not ratified by Brazil and expired in October 2002.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

OTC Names Technology Award Winners

The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award.

New Floating Installation Concept for Offshore Wind

Conquest Offshore, together with deugro Denmark A/S, has developed an installation system for monopiles and transition pieces, supported by Temporary Works Design (TWD) and Barge Master.

Royal IHC Merges Four Units into IHC IQIP

Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization,

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1092 sec (9 req/sec)