bilaterals.org logo
bilaterals.org logo

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
Photo: Cesar Itiberê/PR CC BY-NC-SA 2.0


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.
Brazil may ratify Mercosur PTA with India by June
Brazil today said it would ratify the Mercosur preferential trade agreement (PTA) with India by June this year. However only Brazil would ratify, not the other members of Mercosur.
Brazil, Japan try to boost relations with Koizumi visit
Japan’s Prime Minister Junichiro Koizumi arrived for his first visit to Brazil Tuesday to make what authorities from both countries hope will be a lasting impression.