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Brazil Australia Trade Agreements

Brazil manufactures cars, trucks, airplanes, ships, satellites, offshore oil rigs, white goods, fashion items, cosmetics and consumer electronics. It has a large and internationally competitive agricultural sector, huge oil and gas reserves, huge mineral resources and a demanding financial services sector. It is also one of the most popular tourist destinations in the world. The sheer size of brazil`s economy offers many business opportunities to Australian suppliers, particularly in market niches, which depend on innovation, research, educational skills and services. Increased trade is creating more Australian jobs and providing more opportunities for Australian businesses. Learn how to take advantage of free trade agreements. Read more… The two nations have signed several agreements, such as . B a trade agreement (1978); Extradition Treaty (1994); Joint Declaration of Intent on Health Cooperation (1998); Air transport contract (2010); Joint Declaration of Intent on Cooperation in Major Sporting Events (2010); Science, Technology and Innovation Agreement (2017); and a Memorandum of Understanding (2018). [4] [3] Austrade helps companies around the world identify and exploit investment opportunities in Australia and source Australian goods and services. Support includes: general information, recent economic indicators, Australia`s trade and investment relations with Brazil and their global trade relations, which are updated twice a year. Two chambers of commerce and two business councils encourage and support trade between Brazil and Australia: the Austrade Australian Trade Commission contributes to Australia`s economic prosperity by helping Australian businesses, educational institutions, tourism operators, governments and citizens: Brazil is currently the largest source of international students in Australia outside Asia and the fifth largest in the world.

There are more than 110 active agreements between Australian educational institutions and Brazilian governments and institutions. [3] Under the direct assistance program, the Australian government is providing financial support to a number of projects in Brazil. In 2017/18, the Direct Assistance Programme supported projects in the following priority areas: economic strengthening, minority and gender issues, sport, arts and culture for development. [3] The U.S. trade surplus with Brazil was $12.0 billion in 2019, an increase of 46.6% ($3.8 billion) over 2018. Australia`s services exports to Brazil amounted to AUD 985 million in 2017, with most education-related services accounting for the largest share of the fact that more than 36,000 Brazilian students were enrolled in Australian universities in 2017. Brazil is the third largest source of international students in Australia, behind China and India. Eight major Australian universities (Group of 8) have signed contracts with two Brazilian government agencies that encourage Brazilian enrolment in Australian universities. There is no better partner for trade, investment and cooperation than Australia. For more information, see the 2016 benchmark report.