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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


Obama to announce framework trade deal in visit to Brazil
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.
Brazilian president calls for FTA between Mercosur, CARICOM
Brazilian President Luiz Inacio Lula da Silva on Monday called for a free trade agreement between the four-member bloc Mercosur and the Caribbean Community (CARICOM).
Brazil, Mexico may launch FTA talks next week
Brazilian President Luiz Inacio Lula da Silva and his Mexican counterpart Felipe Calderon may officially launch negotiations for a free trade agreement at a bilateral meeting in Cancun, Mexico next Tuesday, Lula’s spokesman said Friday.
Will new trade agreements reduce dependence on US?
Presidents Luiz Inacio Lula da Silva of Brazil and Felipe Calderón of Mexico agreed recently to explore the possibility of a free trade agreement as part of a strategy to reduce their dependence on the industrialized world.
Obama touts trade in meeting with Brazil official
President Barack Obama said on Tuesday he wants stronger ties with Brazil, especially in the commercial area, a top aide and possible successor to Brazilian President Luiz Inacio Lula da Silva said.
Brazil’s Lula urges closer Saudi economic ties
Brazilian President Luis Inacio Lula da Silva hailed his country’s growing relations with Saudi Arabia and the Middle East on Sunday as he pushed for more trade and investment in the region.
Forget Mercosur, sign trade accord with EU says Brazil industry
A leading number of Brazilian businessmen belonging to the country’s powerful National Confederation of Industry, CNI, said it was time to sign a bilateral agreement with the European Union, which would leave out Mercosur
Brazil, US draw nearer to bilateral tax treaty
Brazil and the United States are closer than ever to signing a bilateral tax treaty, although a similar accord to protect investments in the two countries is a bit further off, officials of both countries said Tuesday.
India and Brazil float CEOs forum
India and Brazil, on Monday, floated a forum of Chief Executive Officers (CEOs) to facilitate both countries achieving a bi-lateral trade of $10 billion by 2010 with the visiting Brazilian President Luiz Inacio Lula da Silva asserting that the new world economic order cannot be negotiated without taking on board two of the most important developing nations.
EU-Brazil: Commission proposes Strategic Partnership
The European Commission proposes to address trade and investment issues of specific bilateral relevance between the EU and Brazil that complement EU-Mercosur FTA discussions.