Growing trade and investment with Brazil

This week I will visit São Paulo, the financial centre of Brazil, to promote Australia as an investment destination and identify opportunities for Australian companies operating in this world-recognised business hub.

My visit is the first in four years for an Australian Trade Minister and comes at a time when Brazil has grown to be Australia's largest trading partner in Latin America.

Building on this relationship, through increasing trade and investment, will help create new Australian jobs.

The size of the Brazilian economy offers expanding trade opportunities for Australian businesses. With its exceptional natural resource base, sophisticated industry and services sectors and large population, Brazil offers opportunities for Australian enterprises in all sectors, including innovation, research, mining, education and financial services.

During my visit I will meet prospective investors in Australia's agri-business sector to encourage their presence in Australia, especially Northern Australia.

Two-way trade between Australia and Brazil was worth more than $3.3 billion in 2016-17. More than 100 Australian businesses operate in Brazil, many through joint ventures.

Following my visit to Brazil, I will travel to Chile to sign the Comprehensive and Progressive Agreement for Trans Pacific Partnership (TPP-11) on 8 March.