Brazil’s rising prosperity has led it to consider pushing for its own trade deal with the EU, after years of struggling to reach one alongside its neighbours.
The Minister of Development, Industry and Foreign Commerce, Fernando Pimentel, suggested that Brazil could postpone the date the auto parts and automobile free trade agreement between Brazil and Argentina will become effective - the scheduled date is July.
Brazil and China have agreed to pay for trade transactions in local currencies (the real and the yuan or renminbi). The currency swap agreement will be backed by US$ 30 billion (R$60 billion or 190 billion yuans).
Brazil on Monday escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official told Reuters.
On the occasion of Brazilian President Dilma Rousseff’s visit to the United States on April 9, the US Chamber of Commerce (USCC) President and CEO Thomas Donohue called on the two countries to begin discussions on a comprehensive Economic Partnership Agreement (EPA).
Argentina’s controversial new import restrictions came into effect on Wednesday as part of the legislation on the trading sector which gives the government bureaucracy more powers to control and restrict imports.
The African, Caribbean and Pacific Group of States (ACP Group) and the Federative Republic of Brazil today signed a landmark agreement to build South-South solidarity through enhanced technical cooperation and dialogue between the two parties.
South Africa is achieving significant success in trade with its Ibsa part- ner countries, India and Brazil, President Jacob Zuma highlighted at a press conference in Pretoria last week. (South Africa hosted the fifth Ibsa Dialogue Forum summit on October 17 and 18.)
Now that US Congress approved free-trade agreements with South Korea, Colombia and Panama, trade experts want lawmakers to harness the momentum and turn their attention to other potential deals in what is seen as a way to boost the economy and create jobs: sealing the Trans-Pacific Partnership, getting Russia to join the WTO, and creating FTAs with the EU and Brazil.
In a show of the importance the Canadian government places on relations with Brazil and Mercosur the delegation includes four cabinet ministers and a cadre of business leaders. Canada has reiterated its interest in reaching a trade agreement with Brazil and Mercosur, which will be one of the main points of the recently created Brazil-Canada CEO forum.
Hopes are high that Stephen Harper can help build Canada’s trade with Brazil, the world’s seventh-biggest economy, as he launches a Latin American tour this weekend.
The trade and economic cooperation deal signed by the US and Brazil will open a constrained market and help reach the administration’s goal of doubling exports by 2015, US Trade Representative Ron Kirk said.
The US and Brazil signed a trade and economic cooperation agreement which is considered "among the first steps on the road to a free-trade agreement".
US President Obama hopes to lay the groundwork for more trade with Brazil when he visits there this weekend, with announcements of a framework for negotiating future trade deals and a new round of US-backed financing for American companies bidding on Brazilian projects, foreign trade sources said Thursday.
One of Mexico’s opposition parties, the Party of the Democratic Revolution (PRD), has vowed to vote against a potential free trade agreement (FTA) with Peru, Colombia and Brazil on the grounds of food sovereignty, national public health, as well as food and plant sanitation.
The governments of Mexico and Brazil will begin formal negotiations on Feb. 28 to reach a free-trade agreement, newspaper Reforma reported.
South Korean Prime Minister Kim Hwang-sik, who was in Brazil to attend the inauguration ceremony of President Dilma Rousseff, emphasized the need to begin FTA negotiations with Mercosur.
Member nations of Mercosur will seek to boost economic and political ties with Cuba in a bid to make the communist island an associate member of the South American trade bloc.
Experts say a deal with Mexico could provide important access for Brazilian products to the US and Canadian markets through the North American Free Trade Agreement.