ISDS Case Map
Brazil
The fundamental bargain is quasi colonial: this means that Mercosur countries are left with the task of providing commodities, agricultural produce, ore and energy products, while the EU will provide higher value-added products and services.
The agreement builds on rules facilitating commerce already in effect between Chile and Mercosur bloc nations Brazil, Argentina, Paraguay and Uruguay.
An estimate by Brazil´s Confederation of Agriculture and Livestock (CNA) points out that the conclusion of a free trade agreement between Mercosur and Canada has the potential to increase Brazilian export revenues of agricultural products by US$7.8 billion.
US and Brazilian officials are working on a deal covering trade facilitation, digital trade and regulatory practices, with a target for the end of the year, a top Brazilian diplomat said.
The US House Ways and Means Committee said it opposed pursuing any type of trade agreement with the Bolsonaro government in Brazil, given its record on human rights and the environment.
This briefing is meant to provide a discussion for NGOs in Brazil who want to understand the implications of this deal for people and forests and take action.
The ongoing differences between Brazil and Argentina are expected to have important implications for the future course of action within MERCOSUR and its engagements with other trade and economic partners including India.
Environmental safeguards within the agreement, which were already insufficient even before COVID-19, have now made the document outdated.
Action would come in the face of the neighboring country's announcement that it will abandon negotiations on the organization's agreements.
The report urges Brazil to go further in signing more trade agreements, to ensure favorable market access for its farm products.
