Brazil World Trade

Brazil World Trade

From the 1500’s to the 1930’s the Brazilian economy relied on the production of primary products for exports. For three centuries Brazil’s economy was heavily curbed because since Portugal discovered Brazil, they subjected it’s economy to an imperial mercantile policy or a strictly enforced colonial pact. Even though Brazil received its independence in 1822, Portugal’s phase of decisions left a lasting, powerful imprint on Brazil’s economy and society. In the late eighteenth century, when wage labor was adopted and slavery was eliminated considerable changes finally began to occur. Only starting in the 1930’s were the first steps taken to convert key structural changes by changing Brazil into a semi-industrialized, modern economy. The intensity of these transformations caused the growth rates of the economy to remain distinctively high and a diversified manufacturing base was instituted between 1950 and 1981. Substantial difficulties such as slow growth and stagnation have plagued the economy since the early 1980’s, though it’s potential enabled itself to regain it’s large and quite diversified economy in the mid-1990s still with its share of problems. After World War II, Brazil’s inhabitants that resided in towns and cities grew from 31.3 percent to 75.5 percent. The 146.9 million inhabitants living in the cities by 1991 caused Brazil to have two of the world’s largest metropolitan centers in Sao Paulo and Rio de Janeiro.

Despite the reduction of the share of the primary sector in the gross national product from 28 percent in 1947 to 11 percent in 1992, the agricultural sector remains important. It’s primitive and intensive, yet also modern and dynamic parts make Brazil of the largest...

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... procedures, and contingent protection policies).

Many different transactions are possible if a deal in the FTAA can be achieved for both Brazil and the United States. Cutting all tariffs is could be the basis of the deal, with some balance struck between US farm trade reforms and enhanced access to Latin American procurement and service markets. Regarding procurement, FTAA negotiators must be able to agree on principles that give transparency for guidelines for open tendering and for public tenders. Also, such guidelines must be complemented by a promise to negotiate within 5 years or so a list of entities whose purchases would be covered by these new obligations. The desired outcome would be a deal on a negative list that would cover all service under FTAA restrictions excluding ones explicitly written- hopefully these exceptions would be kept to a minimum.