Brazil has 207 million of population. It has the world's ninth largest economy by nominal GDP, and the fifth largest by purchasing power parity. The Brazilian economy is characterized by moderately free markets and an inward-oriented economy. Brazil #39s economy is the largest of Latin America and the second largest in the Americas. From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world, with an average annual GDP growth rate of over 5%, with its economy in 2012 surpassing that of the United Kingdom, temporarily making Brazil the world #39s sixth largest economy.

Brazil is an important bilateral, regional and multilateral partner for Canada. They share important values and interests which are rooted in the diverse, open and democratic societies.

Other trade agreements such as Organisation of American States. BRICS Countries. Cooperation Africa-BRICS (Brazil, Russia, India, China, and South Africa) Brazil Free Trade Agreements (FTA) (MERCOSUR member): Chile, Mexico, Peru, India, Egypt, Israel, the Andean Community, and the European Union (EU).