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The Importance of the Brazil-U.S. Bilateral Economic Relationship

Join the World Affairs Council of Charlotte on Friday, October 29 for a presentation with His Excellency Nestor Forster, Jr., the Ambassador of Brazil to the United States, as he shares his insight on Brazil’s role in the world, and ongoing challenges for Latin America in this post-pandemic environment.

The United States was the first country to recognize Brazil’s independence in 1822. Today, as two of the largest democracies and economies in the Western Hemisphere, both countries share ties that have expanded economic growth and prosperity, strengthened security and defense collaboration, and promoted international peace and respect for human rights.

From an economic perspective, the U.S. is Brazil’s second-largest trading partner and its second-largest export market, with two-way trade in good and services being $77.3 billion in 2020. The U.S. Bureau of Economic Analysis counted $70.7 billion of U.S. direct investment in Brazil as of 2020 on a historical cost basis; the Brazil Central Bank measured the total at $145.1 billion as of 2019.