The Brazilian Trade and Investment Promotion Agency (ApexBrasil), in collaboration with various Brazilian government departments and the Brazil-Canada Chamber of Commerce (BCCC), held the 2025 Brazil-Canada Business Delegation Business Visit event in Toronto from September 10th to 12th, 2025. This initiative aims to strengthen market diversification strategies, particularly in response to the tariffs imposed by the United States on certain Brazilian exports.

Ana Paula Repezza, the Business Director of ApexBrasil, will be attending the event to engage in discussions with government officials and business representatives from both countries. This visit holds significant importance for the negotiations of the free trade agreement between the Southern Common Market (Mercosur) and Canada, which have been stalled since 2019 and were reactivated in Brasilia in July 2025.

The delegation focuses on sectors such as food and beverages, industrial services, and technology companies from Brazil, including fintech, biotechnology, renewable energy, and agricultural technology. The activities include business negotiations, technical visits, and networking opportunities with Canadian businesses aimed at attracting Canadian companies interested in entering the Brazilian market. A highlight of the agenda is the "Doing Business in Brazil" workshop, which aims to showcase Brazil's business environment to potential partners.

In recent years, bilateral trade between the two countries has been steadily increasing. From 2022 to 2024, Brazil rose to the 9th position among import source countries for Canada, mainly benefiting from exports of aircraft parts and semi-finished iron and steel products. In 2024, Brazil achieved a trade surplus of $3.5 billion in bilateral trade with Canada, with exports to Canada totaling $6.3 billion and imports at $2.8 billion. This highlights the significance of Canada as an important destination for Brazil's high value-added exports.

ApexBrasil's research report "Market Diversification - Analysis of Brazilian States' Export Dependency" identifies the Canadian market as a strategic target for several Brazilian products, including semi-finished alloy steel, processed stones, aircraft, off-highway dump trucks, Brazilian nuts, and more. This collaboration presents new opportunities for the development of trade cooperation between the two countries.