Brexit Could Speed Up Deal Between UK and Brazil

Everyone is talking about Brexit. 

The United Kingdom's exit from the European Union could be a good thing for Brazil, even though the Mercosul's negotiations with the EU is likely to suffer setbacks. Suffering an unprecedented economic crisis, a speed up in talks could be a sign of hope for the South American nation. The UK was behind a speed up in talks before leaving the EU last week.

Of particular interest to Brazil is the possibility of exporting agricultural products and beef to British consumers. Currently, Brazilian exports to the United Kingdom equal just 1.5% of total exports, however, the actual numbers are nothing to ignore. In 2015, Brazil exported more than US$2.9 billion worth of goods, while through May of this year they have exported more than US$1.1 billion. 

In contrast, Brazil imported just over US$2.8 billion in 2015 and just under US$1 billion so far in 2016, according to government data.

To read more visit Folha de Sao Paulo (in Portuguese) Brazil Looks to Negotiate with British Post Brexit