The European Union and Brazil have a strong history of trade relations, with a number of agreements signed between the two regions over the years. In this article, we`ll take a closer look at these agreements and their impact on the economies of both the EU and Brazil.
One of the most significant agreements between the EU and Brazil is the EU-Mercosur Association Agreement, which was signed in 2019 after 20 years of negotiations. The Mercosur bloc is made up of Argentina, Brazil, Paraguay, and Uruguay, and the agreement seeks to increase trade, investment and cooperation between the two regions.
Under the agreement, tariffs on a range of goods will be reduced or eliminated, making it easier and cheaper for businesses to trade between the two regions. The agreement covers a wide range of products, including agricultural goods, automobiles, and industrial goods.
The EU is Brazil`s largest trading partner, accounting for around 17% of the country`s total exports in 2020. The EU is also a significant market for Brazilian products, with imports from Brazil totaling €22.4 billion in 2019.
Another important agreement between the EU and Brazil is the EU-Brazil Strategic Partnership, which was established in 2007. This partnership covers a wide range of areas, including trade, investment, technology, and education.
The EU and Brazil also cooperate on a number of global issues, including climate change, human rights, and regional security. In 2020, the EU and Brazil launched a dialogue on the circular economy, which aims to reduce waste and promote sustainable production and consumption.
From an SEO perspective, it`s important to note that there is a high level of interest in EU-Brazil trade relations, particularly in industries such as agriculture and automotive. This means that content related to these areas is likely to attract a significant amount of search traffic.
Overall, the EU`s trade agreements with Brazil are an important part of the global economy and have significant implications for businesses operating in both regions. As trade continues to grow between the EU and Brazil, it will be important for businesses and policymakers to stay up-to-date on the latest developments and opportunities.