Throughout the 20th century Brazil had proved its ability to become a leading exporter
and importer in today’s global market through agreements with the international trading market.
For many years Brazil struggled financially, which caused a major setback for the Brazilian
economy. Not having the ability to trade freely in the global market gave the Brazilian
government a chance to fight for their right (2). In 2009, Brazil and Argentina, came together to
begin creating a trade agreement that we know today as the MERCOSUR (the “common market
of the south”), a provincial trade agreement between Brazil, Argentina, Uruguay and Paraguay.
It wasn’t until 1995, that MERCOSUR was finally complete and became one of the
secured trade agreements in South America. As of the late 1990’s, Brazil began moving
MERCOSUR to the east, developing a free trade agreement with the European Union. In 1999
the Brazilian government signed a free trade agreement with the European Union. South
American countries are still making their way into the
MERCOSUR agreement, as late as last
year (2007). During the presidency (USA) of William Clinton, MERCOSUR introduced the Free
Trade Area of the Americas (FTAA) to Brazil. As of 2005, Brazil’s top trading partners are as
follows China , United States , Argentina , Japan and the Netherlands.
For Brazil in 2010 it was noted that
their total value of exports was
this is an impressive figure for a developing nation, this revenue came primarily through
commodities such as
transport equipment, iron ore, soybeans, footwear, coffee, and automotive.
Each county contributed to Brazil’s export figure China (12.49 percent of total exports), US
(10.5 percent), Argentina (8.4 percent), Netherlands (5.39 percent), Germany (4.05 percent)
Now in the arena of importing they again did well and it was reported that
their total value of imports was