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<p><strong>Brazil </strong></p><p>The United Kingdom values Brazil as an important
trading partner. Brazil is part of the Mercosur trade bloc, alongside Argentina, Uruguay
and Paraguay. We will continue to work together to develop our trade relationship
and consider options for future agreements.</p><p><strong>Mexico, Canada, Japan and
Turkey</strong></p><p><strong> </strong>The United Kingdom’s ambition is to sign continuity
trade agreements with Mexico, Canada, Japan and Turkey by the end of the transition
period, which would make sure that existing trade flows are protected. If we do not
reproduce the effects of an existing EU agreement, trade with these partners would
take place on British terms – in line with the “UK Global Tariff” that we have published
– after the end of the transition period. The volume of trade that would be impacted
by such a change varies between different trading partners and we are working closely
with businesses to ensure preparedness for any scenario.</p>
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