The U.S. trade surplus with Brazil was $12.0 billion in 2019, an increase of 46.6% ($3.8 billion) over 2018. Brazil negotiates a free trade agreement with the EU under the Mercosur Group. The project will then focus on a study on fair and fair trade in Brazil and will hold a second forum in December 2018. In many cases, these trade agreements are being pursued as part of the administration`s policy to expand agrofuel (ethanol) markets. Brazil is Latin America`s largest economy and its trade with the EU accounts for 30.8% of the EU`s total trade with Latin America in 2016. The United States engages with Brazil on trade and investment issues through a series of initiatives. The EU encourages Brazil to remove tariff and non-tariff barriers and promote a stable and more open regulatory environment for European investors and traders. The United States recorded a service surplus of $18 billion with Brazil in 2019, down 11.6% from 2018. A future association agreement between the EU and Mercosur should promote the integration of trade between Mercosur countries and create new trade and investment opportunities with the EU, eliminating direct investment and non-tariff and non-tariff direct investment. While Brazil was one of the main Latin American architects of the defeat of the free trade agreement, its economic policy has, in many cases, been in favour of signing free trade agreements. Given its dominant position in Mercosur and on the continent in general, it has focused its efforts on securing such agreements in the institutional for a of which it is a member.
Brazil is one of the countries that, according to the latest European Commission report, has resorted to a large number of potentially restrictive measures. In 2011, the United States and Brazil signed the Trade and Economic Cooperation Agreement to improve trade and investment cooperation between the two largest economies in the Western Hemisphere. The agreement expands our direct trade and investment relations by providing a framework for deepening cooperation on a number of issues of mutual interest, including innovation, trade facilitation and technical barriers to trade. The EU is negotiating a free trade agreement with Brazil as part of the EU negotiations on the association agreement with Mercosur countries (including Argentina, Uruguay and Paraguay). U.S. services exports to Brazil were estimated at $24.6 billion in 2019, 8.4% ($2.2 billion) lower than in 2018, but 81.0% lower than in 2009. Place the mouse on an argument number in the table below to see the title of the dispute. Click on the discord number to access a page with detailed information about this dispute.
U.S. foreign direct investment in Brazil (stocks) was $81.7 billion in 2019, an increase of 3.4% over 2018. U.S. direct investment in Brazil is driven by production, finance, insurance and the mining industry. Brazil`s direct investment in the United States (stocks) was $4.6 billion in 2019, an increase of 83.7% over 2018. Brazil`s direct investment in the United States is led by deposit-making institutions, manufacturing, financing and insurance. . . . At the same time, Brazil is negotiating with India and South Africa, with which it is the largest economic bloc of the southern countries within the IBSA, creating tensions within Mercosur. .
The EU-Mercosur Association Agreement will address the following issues: explanations, background information and context: the Brazilian market is heavily protected with an applied customs average of 13.5%. In 2019, U.S. exports of goods to Brazil were $42.9 billion, 8.7% ($3.4 billion) compared to 2018 and 64.2% over 2009. U.S. exports to Brazil make 2019