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Symposium 2015

Virtual Library File - The Impact of TTIP on Brazil

The Challenge

The world of international trade is changing in a way that has so far been unseen in scale and depth. With more and more regional and mega-regional free trade agreements under consideration, global ...

The world of international trade is changing in a way that has so far been unseen in scale and depth. With more and more regional and mega-regional free trade agreements under consideration, global markets are splitting up into fewer, larger, and more powerful trading blocs. The developed countries participating in these agreements expect large increases in trade volume and increases in income due to lower tariffs and the removal of non-tariff barriers. The effects of these agreements on emerging markets, however, are less clear.

This study takes the example of Brazil to showcase the choices that emerging markets are confronted with when dealing with mega-regional trade agreements like TTIP. It highlights potential risks and benefits associated with them.