Brazil is EU’s top Latin American market
Brazil is the European Union’s (EU) top market in Latin America, according to new trade data.
Those considering buying property in Brazil may be encouraged by the news, which suggests an economic resilience in the nation.
The Latin Business Chronicle’s analysis of statistics from Eurostat also showed that Latin America’s trade with EU countries is continuing to grow at faster levels than that with the US.
Last year trade between the two regions reached $245.3 billion [£124 billion] which was up 11.5 per cent from 2006.
Trade with the US is still more than double what it is with the EU.
In related news, Reuters reports that the long-stalled talks on a trade agreement between the EU and Mercosur should make progress in the second half of this year, according to Brazilian foreign minister Celso Amorim.
The talks that started in 1999 took a back seat due to the Doha Round negotiations.
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