RELATIONS WITH THE EU
The European Union and Brazil - Trade Relations
"We will continue to drive open and fair trade… Smart trade delivers good jobs and prosperity."
- European Commission President Ursula von der Leyen, 2023 State of the Union speech.
Trade Relations
An Open, Sustainable and Assertive Trade Policy
More information on the EU trade strategy.
Bilateral trade and Investment
The EU is Brazil's second-biggest trading partner, accounting for 16% of its total trade, and Brazil is the EU’s eleventh trading partner. The EU is the leading foreign investor in Brazil, creating quality jobs in many sectors of the Brazilian economy. In 2020, the EU direct investment stock in Brazil reached € 263 billion, nearly 49.5% of total foreign investment stock in the country.
More statistics on EU-Brazil trade
More information on EU-Brazil investment.
Brazil and Mercosur
The EU and Mercosur are finalising an ambitious, balanced and comprehensive trade agreement, promoting sustainable development.