The EU and Brazil: Trading Partners in Different Fora
The Jean Monnet/Robert Schuman Paper Series, Vol. 8, No. 11, pp. 1-12, June 2008
12 Pages Posted: 10 Jan 2009
Date Written: June 1, 2008
This paper analyzes the potential of partnerships of the European Union (EU) with Brazil. The scope of analysis will be the EU vis-a-vis Brazil using three types of trade liberalization: unilateralism, bilateralism/regionalism, and multilateralism. The paper argues that the EU's objective of engaging with Brazil is to establish peace, security, and prosperity in the XXI century. The paper also argues that there remains substantial scope for Brazil to make further commitments towards greater liberalization within the services sectors and within all modes of supply provided in the General Agreement on Trade in Services. It will also be argued that the attitude of Brazil to multilateralism and responsibility in global governance is questionable or unclear. Brazil wants to become a more important player; yet, it seems to lean against traditional powers (mainly the U.S.), and tends to focus on South-South regionalism.
Keywords: Brazil, European Union, international trade, unilateralism, bilateralism/regionalism, multilateralism
JEL Classification: F13, K33
Suggested Citation: Suggested Citation