Brazil and the United Kingdom: Trade Relations in the 1990s

This paper explores recent trends in the bilateral trade relationship at both an aggregated and disaggregated level. It then develops an econometric model to explain British and Brazilian bilateral exports on a global basis, which demonstrates that both countries have 'underperformed' in their exports to each other. This is followed first by an analysis of British underperformance in the Brazilian market and then by an analysis of Brazilian underperformance in the British market. The final section looks at prospects for trade relations in the next ten years