The UK is committed to enhancing our bilateral trading partnership with Brazil, an important partner for the UK with whom we traded £6.5bn in the 12 months ending June 2022[1].<\/p>
<\/p>
For example, the signing of the UK-Brazil Double Taxation Agreement in November 2022 represents a significant step in enhancing our trading relationship across all sectors. When ratified, it will dramatically reduce tax uncertainty in cross-border trade.<\/p>
<\/p>
We will work with the new administration to agree the best way to progress our relationship, including in areas of shared interest like Digital trade.<\/p>
<\/p>
<\/p>
[1] GOV.UK. (2022) Trade and Investment Factsheets: Brazil. <\/em><\/p> Available at https://www.gov.uk/government/statistics/trade-and-investment-factsheets-partner-names-beginning-with-a-or-b<\/a><\/p> (Accessed: 23 December 2022).<\/p>"}
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], "questionText" : "To ask the Secretary of State for International Trade, what assessment she has made of the effect of the deforestation of the Amazon on Brazil-UK trading relations.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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], "questionText" : "What recent discussions she has had with her Brazilian counterpart on ensuring that UK-Brazil trade does not adversely affect the preservation of the Amazon rainforest.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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], "questionText" : "To ask the Secretary of State for International Trade, what recent discussions she has had with her Brazilian counterpart on ensuring that UK-Brazil trade does not adversely affect the preservation of the Amazon rainforest.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/308", "label" : {"_value" : "Biography information for Mr Jim Cunningham"}
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], "answer" : {"_about" : "http://data.parliament.uk/resources/1036928/answer", "answerText" : {"_value" : " There is a clear potential for UK companies in Brazil with the world\u2019s 5th largest population and the 9th largest economy (by GDP).<\/p> <\/p> Total UK-Brazil trade reached £5.5 billion in 2017. Brazil is the largest destination of UK exports and the largest receiver of UK investment in Latin America. The new Bolsonaro government has stated ambitions around economic reform and leaving the EU will allow the UK to take advantage of the growing parts of the world economy, including South America. UK Export Finance has significant capacity to support UK exports to Brazil.<\/p> <\/p> My Rt Hon Friend for Hertford and Stortford (Mark Prisk MP) was appointed as the Prime Minister\u2019s Trade Envoy to Brazil in 2016 to promote further bilateral trade and investment. The UK and Brazil also have a number of bilateral dialogues including the Joint Economic and Trade Committee (JETCO). During the 10th edition held in London last year, chaired by my Rt Hon Friend the Secretary of State for International Trade, Brazil and the UK reaffirmed their commitment to exploring means to deepen future UK-Brazil trade and investment relations. This has been formalised through the Joint Trade Review, examining the business environment and market access issues so as to identify ways to increase opportunities for firms from both countries. Last year, the Secretary of State also appointed the first HM Trade Commissioner to Latin America, responsible for championing trade between the UK and Latin America.<\/p>"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government what assessment they have made of the potential for growth in trade and investment between Brazil and the UK.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1137", "label" : {"_value" : "Biography information for Lord Patten"}
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, {"_about" : "http://data.parliament.uk/resources/1023960", "AnsweringBody" : [{"_value" : "Department for International Trade"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1023960/answer", "answerText" : {"_value" : " The UK remains committed to our deep relationships with our global partners, including Brazil. In March 2018, my Rt Hon. Friend the Secretary of State for International Trade co-chaired the tenth UK-Brazil Joint Economic and Trade Committee with the Brazilian Minister for Industry, Foreign Trade and Services. The ministers reiterated their commitment to facilitating increased trade, creating opportunities and enhancing bilateral economic relations. In August 2018, the 3rd<\/sup> UK-Brazil Economic and Financial Dialogue achieved advances across several areas including procurement, tax, infrastructure and finance. More detail can be found in the Joint Statements from the Economic Finance Dialogue (https://bit.ly/2BsVW43<\/a>) and Joint Economic Trade Committee (https://bit.ly/2STWp6n).<\/p> <\/p> DIT continues to promote the closest trading links with Brazil. We support businesses to export to Brazil across a range of key sectors including financial services, energy, education, mining, life sciences, infrastructure and advanced engineering amongst others.<\/p>"}
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], "questionText" : "To ask the Secretary of State for International Trade, what steps he is taking to increase the level of bilateral trade with Brazil.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4131", "label" : {"_value" : "Biography information for Jim Shannon"}
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, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4074", "label" : {"_value" : "Biography information for Mark Garnier"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Secretary of State for International Trade, what discussions he has had with his counterpart in Brazil on the potential for trade in the agri-food sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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