the advantages which a Party grants to States which, with it, are members of a customs union or a free trade area; On October 19, 2020, the United States and Brazil agreed to an updated Protocol to the 2011 Agreement on Trade and Economic Cooperation (ATEC), with three new annexes: Customs Administration and Trade Facilitation, Good Regulatory Practices, and Anti-Corruption. ==Trade Representative Robert Lighthizer said the protocol “uses existing ATEC to establish common standards for both countries in terms of efficient customs procedures, transparent regulatory development and robust anti-corruption policy, which will provide a solid foundation for closer economic relations between our two countries.” to do their utmost to improve the structure of their trade in order to further diversify it; The two sides will strive to promote the harmonious expansion of their trade and contribute to the balance of this trade on their own. The two Parties shall encourage, as far as possible, according to their needs and within the limits of the resources at their disposal, the application of the various forms of industrial and technical cooperation in favour of their enterprises or organizations. President Obama and President Rousseff today agreed on enhanced cooperation in the areas of trade, investment, climate, environment and sustainable development. As the two largest democracies and two largest economies in the Western Hemisphere, they celebrated the living economic relations, anchored by strong trade and investment relations, based on a shared commitment to large-scale economic growth and sustainable development through environmentally friendly and socially inclusive economic policy. During the visit, Presidents Obama and Rousseff noted several initiatives that will broaden and deepen our trade and economic relations and strengthen cooperation in the areas of environment, climate and green growth. monitor and verify the operation of this Agreement and review the various cooperation programmes implemented; within the framework of their respective competences and with the main objective of promoting the development of industry and agriculture in the European Economic Community and the People`s Republic of China, diversifying their economic policy relations, promoting scientific and technological progress, finding new sources of supply and new markets, to contribute to the development of their economies and to raise their standard of living, the two parties agree to strengthen economic cooperation in all fields by mutual agreement, and in particular: 1. In their trade relations, the two sides accord each other most-favoured-nation treatment on all matters relating to: ATEC makes it possible to engage on a wide range of trade and investment-related issues. As the United States and Brazil implement today`s protocol, they will continue to look for ways to increase trade in goods and services and encourage new investment. the advantages that a Party grants to neighbouring countries in order to facilitate border trade; The United States and Brazil today announced the signing of a Framework Agreement for Cooperation in the Peaceful Uses of Outer Space, which reaffirms the commitment of both nations to cooperation in the peaceful uses and exploration of outer space. . .