Brexit And Possible Impacts To Brazil: Overview

On June 23^rd, the people of the United Kingdom decided that the country should withdraw from the European Union. The exact conditions of this exit shall be negotiated within the next two years, after which the treaties of the European Union will no longer apply to the United Kingdom.

According to Vera Kanas, partner in our International Trade practice group, the impacts are limited for Brazil. 

The vast European regulatory framework, that comprehends standards for the commercialization of goods and services, rules on capital movements, investments, consumer Law, competition Law, and environmental Law, shall be progressively modified. The incentives and financing programs granted by the European Union to several sectors will no longer be available to British companies.