Why have Brazil and the United States not pursued a Free Trade Agreement? A Brazilian Perspective
Persistent URL
Author(s)
Cuellar Riaño, Daniela Maria
Date Issued
April 6, 2016
Abstract
Free trade is a topic that is more relevant now than ever. With globalization, the current trend among nations is to engage in free trade discussions and agreements. Brazil and the United States are large trading partners and both countries are major economic and political world leaders. Brazil is the most important economy in Latin America, and the United States is the most important trading partner to the region. Then, why does Brazil not have a free trade agreement (FTA) with the United States? The relationship between Brazil and the United States, two major global powers and Western Hemispheric leaders has consisted of a long history of cooperation and competition. Following a Heckscher–Ohlin trade model, from an economic standpoint, both countries appear to have complementary economies. Also, since they are already major trade partners, removing trade barriers and promoting the free movement of goods would seem beneficial to both. However, the governments of Brazil and the United States in numerous occasions have never been able to agree on trade negations and have not engaged in FTA discussions. The political disagreements between them, as well as both countries’ sense of manifest destiny in the Latin American region, have prevented them from pursuing closer economic ties.
Major
Economics
International Studies
First Reader(s)
Baskan, Asuman N.
Other Reader(s)
Dantán, Verónica
Mattiace, Shannan
Department
Economics
International Studies
Type of Publication
Senior Project Paper
File(s)![Thumbnail Image]()
Name
2015_16_Cuellar_Brazil.pdf
Description
Senior Project
Size
1.46 MB
Format
Adobe PDF
Checksum (MD5)
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