The Brazilian federal government is currently in the process of drafting a decree that will implement protective measures for the industrial and agribusiness sectors, coinciding with an expansion of trade agreements Brazil has signed with various countries. This initiative is being spearheaded by the Ministry of Foreign Affairs and the Ministry of Development, Industry, Commerce, and Services (MDIC), and the finalized decree is expected to be sent to the Civil House in the coming weeks.

Since the beginning of 2023, Brazil has finalized trade agreements with Singapore, countries in the European Free Trade Association (EFTA), and most recently with the European Union. These new agreements have notably increased the share of Brazilian trade covered by tariff preferences by 2.5 times. The MDIC highlights that these agreements are crucial for enhancing Brazil's international trade stance and economic resilience.

The planned safeguards are commercial defense instruments designed to shield domestic production from potential adverse effects stemming from increased international competition. They can be enacted under specific circumstances, such as when quotas that deviate from the agreement's preferences are set or when reductions in import taxes are temporarily suspended. This strategy reflects the government's aim to support local producers while navigating the complexities of expanding global trade relations.