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Brazil

While Brazil was one of the chief Latin American architects of the defeat of the FTAA, its economic policy has, in many cases, been favorable to the signing of FTAs. Given its dominant position in Mercosur and on the continent in general, it has focused its efforts on reaching such agreements within the institutional forums of which it is a member.

Mercosur in particular is actively involved in seeking negotiations with India, Central America, the Southern African Customs Union, and Algeria.

In many cases these trade agreements are being pursued as part of the administration’s policy of expanding markets for agrofuels (ethanol).

At the same time, Brazil is carrying on negotiations with India and South Africa, with which it makes up the strongest economic bloc of Southern countries within IBSA, creating tensions within Mercosur.

In March 2011, Brazil signed an Agreement on Trade and Economic Cooperation (ATEC) which many analysts see as a first step towards an FTA. Since 2010, Brazil has also been pushing for an FTA with Mexico.

last update: May 2012


Are mega-trade agreements a threat to Brazil?
Bilateral trade agendas with both US and EU may become a way for Brazil to mitigate the negative potential impacts of TTIP and TTP, argues a former World Bank official.
US Chamber strengthens commitment to US-Brazil relationship
The Brazil-US Business Council today signed a Cooperation Agreement with the Brazilian National Confederation of Industry (CNI) to conduct studies on a potential trade agreement and report back to both governments on their findings.
Brazil faces challenges in international trade
According to Demétrio Magnoli, Brazil must become a member of trade blocs to avoid isolation, but the ideological view of the Brazilian Workers Party prevents this.
Bilateral trade agreement on ice as Brazil’s Dilma Rousseff cancels US visit
Dilma Rousseff cancels visit and mutual trade pact on revelations that US’ National Security Agency hacked into presidential emails
Brazil reaches out to EU for trade deal
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.
Brazil admits postponing free trade with Argentina
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 signing currency swap agreements with all BRICS countries
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).
ACP Group and Brazil make ‘historic’ step towards closer South-South relations
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.
Kirk says US-Brazil accord will ‘open the doors’ of constrained market
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.
US, Brazil sign trade, economic agreement as Obama visits
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".