Department for International Trade
UK launches programme to promote trade with Brazil
The UK yesterday launched a £20 million programme to help Brazilian SME's trade with the UK and other countries.
A new trade facilitation programme will support Brazilian businesses to export, which will help boost trade with countries including the UK.
The £20 million programme will work with existing export promotion and trade facilitation programmes across Brazil to help bring businesses of all sizes to international markets.
By working with a wide range of Brazilian businesses the programme will showcase exporting as another source of income, increasing access to capital, generating jobs in the country and ultimately reducing poverty.
Brazil is the largest economy in South America, accounting for almost 50% of the continents GDP and is home to over 200 million people. As the UK prepares to leave the EU on 31 October, fast-growing markets like Brazil will provide significant opportunities for both UK businesses and households.
Total trade between UK-Brazil was worth £6 billion last year, an increase of over 7% on the previous year.
The programme was launched by Trade Policy Minister Conor Burns and Brazilian Special Secretary for International Trade and International Economic Affairs Marcos Troyjo in Brasilia yesterday (Tuesday 20 August).
Mr Burns is visiting Rio de Janeiro and Brasilia before travelling onto Santiago in Chile on Wednesday.
Trade Policy Minister, Conor Burns yesterday said:
I’m delighted to be in South America this week in my first overseas visit as Minister of State for Trade Policy. Our aim is simply to promote British business overseas and strengthen our trading ties in the region. With our existing trading and economic relationship Brazil was the obvious place to start the visit.
The launch of the Trade Facilitation programme will help support Brazil and create opportunities for Brazilian business - including in markets such as the UK.
The trade facilitation programme launched yesterday is part of the UK government’s Prosperity Fund which will see up to £80 million invested in Brazil over the next 4 years. The fund aims to support the inclusive economic growth needed to reduce poverty in partner countries.
The trade facilitation programme will help ensure Brazilian businesses are ready to trade and will address key issues such as non-tariff barriers. It will also help reduce the cost of trade by encouraging more efficient processes in ports, creating a safe environment for companies to innovate while reducing the time it takes for patents and trademarks to be analysed in Brazil.
During his visit Mr Burns will meet with Brazil’s Special Secretary for International Trade and International Economic Affairs Marcos Troyjo and Chilean President Sebastian Pinera.
He will also meet businesses in the region including Weir Minerals, Diageo and BUPA to help increase trade and encourage investment.
Latest News from
Department for International Trade
UK-Poland agreement to deliver major infrastructure project22/05/2020 10:10:10
Minister for Exports, Graham Stuart MP, announces new agreement to support construction of a major new transport hub outside of Warsaw
Second Reading of the Trade Bill 202021/05/2020 14:38:00
The Second Reading of the Trade Bill 2020 by International Trade Secretary, Liz Truss MP (20 May 2020).
US exports leads to £1m exports boom for Levity Crop Science20/05/2020 16:10:00
70% of Levity Crop Science’s revenue comes as a result of exports and 2020 sales have already surpassed 2019 totals after DIT support.
UK Global Tariff backs UK businesses and consumers20/05/2020 08:10:00
The Government has announced the UK’s new MFN tariff regime, the UK Global Tariff (UKGT).
Vernacare increases production by 60% to fight Coronavirus19/05/2020 14:20:00
UK exporting business Vernacare has increased production to help hospitals internationally to contain the Coronavirus.
Negotiations on the UK’s future trading relationship with the US: Update19/05/2020 09:38:00
Around 200 negotiators from the UK and the US held the first round of negotiations for a UK-US Free Trade Agreement (FTA) between 5-15 May 2020.
UK Statement to the WTO General Council18/05/2020 11:44:00
The UK's Ambassador to the WTO and UN in Geneva, Julian Braithwaite, delivered a statement to the WTO General Council on 15 May 2020.
Liz Truss kick-starts trade negotiations with Japan13/05/2020 14:20:00
The UK is publishing its negotiating objectives for a free trade agreement with the Japan.