Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

Home > Press > U.S. and Brazil Must Strengthen Economic Ties, Says Private Sector Leaders Meeting in Brazil

Abstract:
Improving Intellectual Property Protection, Energy Sustainability, Education, and Investment Essential to Shared Economic Competitiveness

U.S. and Brazil Must Strengthen Economic Ties, Says Private Sector Leaders Meeting in Brazil

BRASILIA, Brazil | Posted on July 14th, 2007

United States and Brazilian executives meeting in Brasilia have called on their respective governments to forge stronger economic ties to improve each nation's prosperity amidst the demands of globalization. The private sector leaders hammered out a set of economic proposals to improve cross-border trade and commerce between Brazil and the United States, and within the Western Hemisphere.

The two-day U.S.-Brazil Innovation Summit was convened by the U.S. Council on Competitiveness and its Brazilian counterpart, Movimento Brasil Competitivo. The meeting was announced by President George W. Bush and Brazilian President Luiz Inacio Lula da Silva following their meeting at Camp David in March. United States Under Secretary of State Nicholas Burns led a contingent of U.S. government officials from the U.S. Departments of Defense, Commerce, Energy, and Agriculture.

Public and private sector leaders agree that a stronger relationship with Brazil is critical to U.S. competitiveness in the global economy. Exports to Brazil from the United States totaled more than $19.2 billion in 2006, and Brazil receives almost a quarter of U.S. exports to Latin America and the Caribbean (excluding Mexico). Brazil is a major emerging market for U.S. companies with a 30 percent population increase projected by 2050.

"The world is dramatically more interconnected and competitive," said Deborah L. Wince-Smith, president of the U.S. Council on Competitiveness. "Brazil and the United States share a strong common ground and potential for mutual economic productivity and prosperity for our citizens."

Expanding innovative commercial activities was the central theme of the summit. The economic proposals generated during the meeting are geared toward stimulating ground-breaking research, entrepreneurship and commercialization across all sectors of the U.S. and Brazilian economies.

The summit produced an "Innovation Call-to-Action" that highlighted three elements critical to creating vibrant economies: Improving education and workforce training to create new knowledge and skills; encouraging investment in new ideas, inventions and services that generate higher returns for companies, workers and economies; and building business environments that support innovation, especially protection of intellectual property.

Participants noted that the United States and Brazil each have a developed and educated middle class, as well as outstanding scientists, engineers and technologists. On the other hand, much more must be done to expand quality education across all socio-economic groups. Teaching U.S. and Brazilian students to see themselves as global citizens and workers is the foundation of innovation and economic growth.

Participants also noted that traditional manufacturing is no longer the basis for strong economies. Innovative research and invention of new products now earn the highest dividends. Participants called for ratcheted up financing of research and development by government, industry and universities, especially in biotechnology, biofuels, nanotechnology, information technology, computer sciences, and aerospace.

Developing a fertile environment for innovation was also a significant theme, particularly the need for intellectual property protection. Just two month ago the government of Brazil broke the patent on an AIDS drug developed and produced by New Jersey-based Merck and Co. The controversial decision sent a chilling signal to U.S. research-oriented companies interested in doing business in Brazil.

The U.S. government has also highlighted intellectual property protection in Brazil as an area of concern. The Bush Administration "engaged intensively with the Brazilian government on the issue of copyright protection," according to the 2007 Trade Policy Agenda and 2006 Annual Report, issued earlier this year by the U.S. Trade Representative.

Participants discussed the paramount importance of protecting intellectual property in a world where technology allows knowledge and information to be so easily transferred around the globe. Strong protection and enforcement of intellectual property by Brazil will create a "win-win" for both countries. Brazil will attract more U.S. investment, while more cutting-edge American companies will benefit from selling products and services in Brazil.

Creating a "win-win" for the United States and Brazil will be the goal for future collaboration between the Council on Competitiveness and its Brazilian partner Movimento Brazil Competitivo. In 2008 the two groups plan to create a task force to identify regulatory, tax and legal barriers that prevent innovation in either country. The groups will also launch a two-year project to better measure competitiveness in the Americas.

The U.S.-Brazil Innovation Summit was co-hosted by the U.S. Council on Competitiveness, Movimento Brasil Competitivo, and Agencia Brasileira de Desenvolvimento Industrial -- a Brazilian government entity that promotes economic development. The delegation organized by the U.S. Council on Competitiveness was headed by John Deere Chairman and CEO Robert W. Lane and included NASDAQ Vice Chairman and former congressman Michael Oxley.

Note to Reporters: Additional resources are located at http://www.compete.org/, including the full text of the "Innovation Call-to- Action" and a list of the U.S. delegation.

####

About Council on Competitiveness
The Council on Competitiveness is the only group of corporate CEOs, university presidents and labor leaders committed to the future prosperity of all Americans and enhanced U.S. competitiveness in the global economy through the creation of high-value economic activity in the United States.

For more information, please click here

Contacts:
Michael J. Meneer
Tel: (202) 969-3406
Fax: (202) 682-5150
Email:

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

New theory could lead to new generation of energy friendly optoelectronics: Researchers at Queen's University Belfast and ETH Zurich, Switzerland, have created a new theoretical framework which could help physicists and device engineers design better optoelectronics August 23rd, 2016

New flexible material can make any window 'smart' August 23rd, 2016

University of Puerto Rico and NASA back in the news – XEI reports August 23rd, 2016

Nanoparticles that speed blood clotting may someday save lives August 23rd, 2016

Patents/IP/Tech Transfer/Licensing

Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016

Starpharma initiates new DEP™ drug delivery program with AstraZeneca July 27th, 2016

Integration of novel materials with silicon chips makes new 'smart' devices possible July 25th, 2016

Research team led by NUS scientists develop plastic flexible magnetic memory device: Novel technique to implant high-performance magnetic memory chip on a flexible plastic surface without compromising performance July 21st, 2016

Alliances/Trade associations/Partnerships/Distributorships

Thomas Swan and NGI announce unique partnership July 28th, 2016

Starpharma initiates new DEP™ drug delivery program with AstraZeneca July 27th, 2016

XEI Scientific Partners with Electron Microscopy Sciences to Promote and Sell its Products in North and South America July 25th, 2016

Leti and Korea Institute of Science and Technology to Explore Collaboration on Advanced Technologies for Digital Era July 14th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic