Jun 29, 2021
Last week, the Foreign Trade Secretariat of the Ministry of Economy – SECEX released studies on the impact of the Free Trade Agreements negotiated by Mercosur with Indonesia and Vietnam. These studies aim to provide greater visibility for technical analyses that will be carried out by the Brazilian authority in negotiating future trade agreements, in addition to specifically evaluating these agreements.
In general, the analyses show that the agreements had a positive impact on all macroeconomic variables, in addition to bringing potential beneficial effects to final consumer prices, which have shown a downward trend.
The negotiated agreements are embedded into a larger context of promoting the international insertion of the Brazilian economy. In this context, the studies also analyzed the relationship between Brazil and Indonesia and Vietnam, concluding that both countries are important trade partners for Brazil.
The full studies can be accessed on the SECEX website (available here in Portuguese).
In order to ensure greater transparency in Brazilian trade negotiations, the Brazilian Government opened Public Consultations, in addition to the impact assessment studies, which will allow the society to express itself regarding any interests and concerns related to the execution of the agreements. Interested parties may submit comments until July 19, 2021. Public Consultations can be accessed on the SECEX website (available here).