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Brazil Trade Patterns

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Brazil Trade Patterns and Overview The world 's seventh wealthiest economy (2011 GDP US$2.2 trillion), Brazil is the largest country in area and population in Latin America and the Caribbean. Brazil was one of the last to fall into recession in 2008 and among the first to resume growth in 2009. Brazil 's GDP grew 7.5% in 2010 and 2.7% in 2011, because of the new global slowdown. The Growth Acceleration Plan (PAC, its acronym in Portuguese) was launched in 2007 to increase investment in infrastructure and provide tax incentives for faster and more robust economic growth. The program contributed to the country’s 7.5% growth in 2010 and its crisis resilience in 2009, when it had one of the smallest downturns among developed and emerging …show more content…

Brazil’s engagement with Africa has seen bilateral and pluriteral aggreements in areas spanning from education and health to investment cooperation agreements in energy,manufacturing and services.On a continent wide engagement the first Africa-South America summit in 2006 has also highlighted Brazil’s serious consideration of Africa as an important strategic partner. Brazil-Africa trade has increased substantially in the past 10 years.But many challanges remain,associated with limited communications,logistical difficulties,bureaucracy,and lack of transparency.Exports and imports from Africa recording a compound growth of 20% respectively for the period between 2002 and 2012.Latest 2011 trade data reveals that over 27 billion US$ worth of goods were traded between Brazıl and Africa.Imports from Africa about 15 billion US$.Exports 12 billion US$.2008 global crisis,significantly affected the trade between Brazil and Africa.Imports from Africa were affected the most by a decline of 50% in value terms from a high of 16 billion US$ in 2008 just over 8 billion US$ in 2009.Since then trade has been recovered with imports

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