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Relationship Between Brazil And Canada

1531 Words7 Pages

Brazil is important bilateral and multilateral partner for Canada. According to Government of Canada, Canada and Brazil have many common features. Brazil is one of the most important investors into Canada and vice versa. Both countries support each other. For example, in 2015 Brazilian investment was $9,7 billion, when Canadian abroad investment into Brazil in 2015 was $12,3 billion (Government of Canada, 2016).
These countries had improved their business relationships through the last 10 years. Between these two countries was increased the goods and services flow. Nowadays, Brazil and Canada have strong trade relationships and the level of trade increased by 25% compared with 2007 (Piacitelli, M., 2016). However, both countries still have …show more content…

Reason for this due to supply shortage on some goods and to increase exports (Hanson, 2012). Appendix 2, shows that Brazilian GDP from 2014 started declined until 2016 and inflation was at the same level until 2016, and the reason for this is that at that time Brazil had faced with big problems: crisis, bad political situation, and macroeconomic problems. Their inflation rate had been increased, the economy in general had pointed a negative growth. Also, they experienced the devaluation of its currency and a presidential impeachment. Therefore, to solve such problems and improve the economy since 2015 Brazil created and started PNE (Export National Plan) and through this plan Brazil would …show more content…

Moreover, sometimes these countries give financial support. “Brazil is one of five countries in the world with which Canada has a funded S&T Agreement (Government of Canada).”
Free Trade Agreement (FTA) between Canada and Brazil gives countries opportunities to further develop business and increase the investment in different sector of the economy. Under this agreement, Canada recognize the importance of Brazil and vice versa. Brazil-Canada agreements give the opportunities for growth on trade and investment. The areas that are developing through the investments are: infrastructure, agribusiness, real estate, energy production and

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