The Canadian government has reached agreement with the Mercosur group (including Brazil) to develop a free trade deal. Experience with both Canada and Mercosur’s dealings with the EU suggest such a deal will likely years rather than months to develop. Agriculture will likely be at the heart of the debate given the export patterns of both sides. For example, Brazil’s leading exports by volume in 2017 included coffee (8% of the total), sugar (4%), wood pulp (4%) and poultry (4%). Currently there are no exports of poultry to Canada, changing that will likely be a non-starter in negotiations...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.