Brazil’s emergence on the world stage has been reflected in different dimensions through several achievements. In the sports arena, Brazil was chosen as the site for the 2014 FIFA World Cup and the 2016 Olympics. In the world trade arena, an example of the Brazilian influence is the recent selection of the Brazilian ambassador to the WTO, Roberto Azevêdo, as the Director General of the WTO, becoming the first Latin American to lead this organization. This chapter examines the emergence of Brazil as one of the main participants in international commerce and discusses the effects of increased trade on the Brazilian economy. Section 14.2 describes the recent economic performance of Brazil, while section 14.3 describes the trade liberalization process. Section 14.4 discusses the main effects of the trade reforms in the Brazilian economy while section 14.5 looks at the rise of Brazil in global trade. Finally, section 14.6 concludes and provides some policy recommendations.
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