The Interplay of Financial Services and US-Brazil Trade

The United States and Brazil have one of the most important trade and economic ties in the world. They are both the biggest economies and democracies in the Western Hemisphere. It is eighth in terms of the amount of things we trade with Brazil. The United States sent $63 billion worth of goods and services to Brazil in 2011. These products supported about 300,000 jobs in the United States. Brazil is becoming a major player in the world stage and an economic giant. Brazil has the sixth largest economy in the world, with a Gross Domestic Product (GDP) of almost $2.5 trillion in 2011. It makes up more than 60% of South America's overall GDP. The US wants to strengthen its economic ties with Brazil by building on their strengths, sharing our goals, and hearing what their active private sector stakeholders have to say. In the last ten years, trade in goods and services between the US and Brazil has almost tripled, reaching more than $100 billion in ...