Mercosur-EU Trade Deal May Increase Brazil’s GDP by US$125 Billion in 15 Years

The government also forecasts a US$113 billion increase in investments in Brazil over the same period and Brazilian exports to the EU will yield nearly US$100 billion in profits by 2035, an estimate by the economic area.

By Richard Mann

RIO DE JANEIRO, BRAZIL - The free trade agreement between the Mercosur countries and the European Union (EU), announced this Friday, June 28th, will represent an increase in Brazilian GDP of US$87.5 (R$348) billion in 15 years, and could reach US$125 billion if the "reduction in non-tariff barriers and the expected increase in total productivity of production factors" are to be considered. These projections are from the Ministry of Economy . . .

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