Contains general information, updated economic indicators, Australia`s trade and investment relations with Brazil and their global trade relations, which are updated twice a year. Brazil is currently the largest source of international students in Australia outside Asia and the fifth largest in the world. There are more than 110 active agreements between Australian educational institutions and Brazilian governments and institutions. [3] Under the direct assistance program, the Australian government is providing financial support to a number of projects in Brazil. In 2017/18, the Direct Assistance Programme supported projects in the following priority areas: economic strengthening, minority and gender issues, sport, arts and culture for development. [3] Australia`s services exports to Brazil amounted to AUD 985 million in 2017, with most education-related services accounting for most of it, with more than 36,000 Brazilian students enrolled in Australian universities in 2017. Brazil is the third largest source of international students in Australia, behind China and India. Eight major Australian universities (Group of 8) have signed contracts with two Brazilian government agencies that encourage Brazilian enrolment in Australian universities. In 2018, trade between Australia and Brazil was $1.5 billion. [1] Australia`s major exports to Brazil include: coal; Crude oil; nickel ores and concentrates; aluminium. Brazil`s main exports to Australia are: medicine; Coffee; equipment and civil engineering parts; and personal travel services.
[3] Brazil is by far Australia`s largest export market in Latin America, particularly in the areas of tourism, travel and education, and accounts for half of Australia`s direct investment in the region. [3] Austrade provides information, advice and a number of business services to help Australian businesses work in a way that promotes costs and risks. The December 2016 edition of the Australian Government`s Business Envoy is devoted to Latin America. In the presentation of this edition, Australia`s Minister of Trade, Tourism and Investment, The Hon Steven Ciobo MP, noted that Australia is “transferring our economy after the mining boom to an economy based on innovation, diversification and engagement in international markets.