Brazil–Ukraine Relations
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Brazil–Ukraine Relations
Brazil and Ukraine have a long-standing and highly diversified relationship that includes cooperation in Bilateral trade, trade, space technology, education, Energy industry, energy, healthcare, and Defense (military), defense,Joint Statement of President Viktor Yanukovych and President of Brazil Dilma Rousseff
Presidency of Ukraine. Retrieved on 2011-10-27.
as well as historic people-to-people ties through a large Ukrainian diaspora in Brazil. Brazil recognized Ukraine's independence on December 26, 1991, and bilateral relations were established on February 11, 1992. In 2009, the two countries established a strategic partnership. Brazil is Ukraine's key trade partner in Latin America. The on ...
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Bilateral Trade
Bilateral trade or clearing trade is trade exclusively between two states, particularly, barter trade based on bilateral deals between governments, and without using hard currency for payment. Bilateral trade agreements often aim to keep trade deficits at minimum by keeping a clearing account where deficit would accumulate. The Soviet Union conducted bilateral trade with two nations, India and Finland. On the Soviet side, the trade was nationalized, but on the other side, also private capitalists negotiated deals. Relationships with politicians in charge of foreign policy were especially important for such businessmen. The framework limited the traded goods to those manufactured domestically and as such, constituted a subsidy to domestic industry. Bilateral trade was highly popular within Finnish business circles, as it allowed the commission of very large orders, additionally with less stringent requirements for sophistication or quality, if compared to Western markets. The So ...
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