Free Trade Agreement Australia Brazil

Contains general information, updated economic indicators, Australia`s trade and investment relations with Brazil and their global trade relations, which are updated twice a year. The Australian Trade and Investment Commission – Austrade – contributes to Australia`s economic prosperity by helping Australian businesses, educational institutions, tourism operators, governments and citizens: Australian exports of services to Brazil amounted to AUD 985 million in 2017, with most education-related services being the majority, with more than 36,000 students 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. Brazil is Australia`s 29th largest trading partner, with a total of 0.4% (AUD 3.4 billion) of Australia`s trade portfolio in 2017. Exports of AUD 2.5 billion to Brazil were mainly coal, crude oil, aluminum and education. Imports from Brazil included medicines, coffee and technical equipment. 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] A comprehensive overview of political, economic, bilateral and regional trade agreements. For more information, visit Austrade here There is no better partner for trade, investment and cooperation than Australia. For more information, see the 2016 benchmark report. Given that the two major economies are in the tropics, Australia and Brazil, they face common challenges and opportunities. Australia and Brazil continue to develop a partnership for global leadership in tropical products and services such as agriculture, health and infrastructure, which provides both countries with trade, investment and education opportunities. The December 2016 edition of the Australian Government`s Business Envoy is devoted to Latin America. In the presentation of this edition, Australia`s Minister of Trade, Tourism and Investment, The Hon Steven Ciobo MP, noted that Australia is “transferring our economy after the mining boom to an economy based on innovation, diversification and engagement in international markets. The renewal and expansion of our relations with Latin American countries is part of this plan. I would like to encourage Australian industry to explore opportunities in this dynamic region… ».

The Latin American edition of Business Envoy is available at dfat.gov.au/about-us/publications/trade-investment/business-envoy/Pages/december2016/future-looks-bright-in-latin-america.aspx 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.