Brazil Trade Agreements With Canada
The United States is a remarkable and most important trading partner in that country. For example, nominal imports from the United States increased 3.6% in 2015 to $363.1 billion, although exports to the United States decreased by 0.8% from 2014 to $396.5 billion. Companies must not only seek internal support to improve procedures, but also allow for better visibility of information, prevent risks, support planning, integrate and cooperate with strategic decisions. Brazilian and Canadian companies have science and technology partnerships in all sectors where Canadians have niche knowledge: the assessment only takes into account the increase in greenhouse gas emissions from Canadian companies, which could result from increased trade with the region , not the overall increase in emissions from existing trade agreements or deforestation and forest fires in Brazil. Sinclair explained that such a focus – the common practice for this type of environmental assessment – avoids the most sensitive environmental problems. And it misses the point. In terms of investment, Brazil was the seventh country of origin for investment in Canada in 2015, with $19.7 billion, with Brazil being the twelfth largest recipient of Canadian direct investment with $12.3 billion in 2015. A federal environmental assessment of a proposed trade agreement between Canada and mercosur countries ignores serious environmental and human rights violations in Brazil, environmentalists say. In this regard, Canada is currently negotiating a free trade agreement with the Mercosur trade bloc, in which Brazil plays an important role. Negotiations on the Canada-Mercosur Free Trade Agreement, launched in March 2018, remain a priority for Canada and Brazil. Sinclair does not see why this lax approach to environmental and labour legislation would be different with this agreement, a concern reinforced by recent leaks of a similar agreement currently being negotiated between the European Union and the Mercosur countries. What worries environmentalists is that Brazilian cows – which, along with soybeans, advance deforestation in the Amazon – could end up on the plates of Canadians. Cattle are one of the main causes of deforestation in the country, with farmers clearing and burning the jungle in a race to expand pastures.
„It`s a perfect storm where the regime is indifferent, or even supports intervention in this vital ecosystem to the point where experts think it`s at risk of collapse, but in a way it doesn`t matter in this environmental assessment,“ Sinclair said. „If we reach an agreement with Mercosur… we would sanction (and) legitimize these practices. Brazil`s environmental legislation is being eradicated by the Bolsonaro government, said the government, which is trying to legalize land grabbing in protected areas and indigenous territories, while defusing the country`s Environmental Protection Agency. Despite the low and low Brazilian economy, trade between Canada and Brazil has continued to grow in recent years and increased by more than 25% between 2006 and 2016. „There have been no new negotiations since last year`s forest fire season in the Amazon. In all future negotiations on an investment chapter for a free trade agreement with Mercosur, Canada would reaffirm our right to regulate to achieve legitimate political objectives such as respect for indigenous peoples and environmental protection,“ a spokeswoman for the office of Mary Ng, Minister of Small Business, International Trade and Export Promotion, said in an email.