How Trade Agreements Shape US-Brazil Agricultural Relations
Because their economies are the two biggest in the Americas. As the world moves toward more integrated trade and investment, now is a good time to talk about how the U.S. and Brazilian economies could gain from stronger business ties and integration. It is well known from international experience that trade deals can be very good for both countries and industries. Trade deals between two countries help both economies grow and make more things. They also create jobs in both countries and make incomes more equal. Why does the US care so much about Brazil? The economy of Brazil is the seventh largest in the world and the biggest in Latin America. The United States and Brazil exchange a lot, and the United States is sending more and more goods to Brazil. In 2014, trade between the US and Brazil hit $108.3 billion. Most of the trade between the US and Brazil is in things, but trade in services is growing. Chemicals, oil, transportation equipment, and machinery are some of the most import