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Uploaded on Nov 21, 2008
Brazil is the 10th largest economy in the world, representing 75% of Mercosurs GDP and accounting for around 1.5 % of world trade over the last 20 years. It is the main player in South America, with over half of the regions GDP and population. For the EU, Brazil is the most important market in South America. Relations go both ways - Brazilian exports to the EU have seen a steady increase and have doubled in 5 years. But EU - Brazil relations go beyond economic trade; they share common goals on issues like climate change and other key environmental challenges. July 2007 http://ec.europa.eu/external_relation...