ISDS Case Map
Brazil
The trade and economic cooperation deal signed by the US and Brazil will open a constrained market and help reach the administration’s goal of doubling exports by 2015, US Trade Representative Ron Kirk said.
The US and Brazil signed a trade and economic cooperation agreement which is considered "among the first steps on the road to a free-trade agreement".
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.
One of Mexico’s opposition parties, the Party of the Democratic Revolution (PRD), has vowed to vote against a potential free trade agreement (FTA) with Peru, Colombia and Brazil on the grounds of food sovereignty, national public health, as well as food and plant sanitation.
The governments of Mexico and Brazil will begin formal negotiations on Feb. 28 to reach a free-trade agreement, newspaper Reforma reported.
South Korean Prime Minister Kim Hwang-sik, who was in Brazil to attend the inauguration ceremony of President Dilma Rousseff, emphasized the need to begin FTA negotiations with Mercosur.
Member nations of Mercosur will seek to boost economic and political ties with Cuba in a bid to make the communist island an associate member of the South American trade bloc.
Experts say a deal with Mexico could provide important access for Brazilian products to the US and Canadian markets through the North American Free Trade Agreement.
Brazil and Mexico said on Monday they would start talks toward a bilateral trade deal in a bid to draw Latin America's top two economies closer together.
