As Brazil`s President-elect, Jair Bolsonaro, takes office in January, many Canadian exporters are wondering what the election result means for Canadian trade. “Our priority has always been… Environmental chapter within the framework of free trade agreements, and this would be the case for a possible future agreement with Mercosur. On Friday, NDP leader Jagmeet Singh called on the Trudeau government to follow the example of countries like France and Ireland that refuse to support ratification of the European Union trade agreement with Mercosur because Brazilian President Jair Bolsonaro has failed to address international concerns about the global environmental impact of deforestation. “There have been no new negotiations since last year`s forest fire season in the Amazon. In all future negotiations on an investment chapter for a free trade agreement with Mercosur, Canada would reaffirm our right to regulate to achieve legitimate political objectives such as respect for indigenous peoples and environmental protection,” a spokeswoman for the office of Mary Ng, Minister of Small Business, International Trade and Export Promotion, said in an email. You need to create a local presence in Brazil. For your partners, it is important that you have people who speak the language of the country and who have a well-established regional network. Investments and business relationships often rely on joint ventures with local businesses. In November 2004, at a meeting between the Brazilian President and the Prime Minister of Canada, a joint statement was made to “negotiate” a commitment to promote Mercosur`s trade relationship with Canada through “negotiations to improve market access in goods, services and investments as part of the creation of a future free trade area for the United States (CCF). In February 2005, MERCOSUR and Canada held preliminary discussions at the first meeting of the Canada-MERCSOUR Trade and Investment Dialogue. “Justin Trudeau puts the interests of rich businesses ahead of the fight against climate change by continuing free trade negotiations with President Bolsonaro,” Singh said in a statement Tuesday, arguing that economic sanctions are Canada`s best instrument to put pressure on the government of Brazil.
On February 23, 2018, Canada announced the positive conclusion of exploratory discussions on a comprehensive free trade agreement with MERCOSUR.