According to the investors’ community, President Jair Bolsonaro visit to Washington next week to sing the free trade agreement between the United States and Brazil.

“Negotiations are being carried on in order to sign the trade agreement at the time of the presidential trip to Washington,” a foreign ministry report said.

The United State and Brazil have accepted all the terms and conditions of TSA (Technology Safeguard Agreement), which seeks to simplify the launching of American Satellite on Brazil soil, which will launch from the Alcantara Launch Center, Brazil.

The trade agreement enables United State technology to be implemented in launches from the Brazilian Alcantara base. This caused some problems in the past years as every satellite launch uses some processes or equipment’s belonging to the U.S.

The intention of the Brazilian Air Force’s is to come with the Alcantara Launch Center for various commercial usage, permitting it to “lease” spaceports to foreign countries. This can increase an estimated 140 million BRL each year from fees of a satellite launch.

The Technology Safeguard Agreement between these two nations has been in the works for a long period. Former Brazilian President Fernando Henrique Cardoso had discussed the trade agreement which granted the United States area of laissez-passer in the satellite launch center i.e. Alcantara Center.

Now, Brazil hopes to earn $300 billion per year space launch business by drawing the United States industries interested in launching small satellites at lesser prices from the Alcantara launch center run by the Brazil Air Force on the South American nation’s north coast.

As its location is close from the equator, launches needed 30% less fuel and rockets can carry higher payloads, however, Brazil is looking for the cost micro-satellite place market which is growing fast, Official report said.

Space collaboration among the Brazil and United States took a step forward when they contracted a Space Situational Awareness (SSA) deal last year at the time of visit to Brasilia by former United Sates Defense Secretary James Mattis.