Brazil has the 3rd biggest drop in trade among G20 countries, according to the OECD

The total of Brazilian exports and imports in the first quarter of 2019 contracted by US$ 6.9 billion when compared to the previous quarter, according to the Organisation for Economic Co-operation and Development (OECD).

Exports in the first quarter of 2019 were US$ 58.6 billion compared to US$ 62.6 billion in the fourth quarter of 2018. Imports were US$ 42.4 billion, compared to US$ 45.2 billion in the previous quarter.

Trump maintains a blockade on OECD and not fulfill the agreement with Bolsonaro

The United States has maintained the impasse in the entry of new members into the Organization for Economic Cooperation and Development (OECD). With that, Trump failed to comply with the promise made to Bolsonaro during the meeting between the two heads of government in Washington on March 19.

The Brazilian government's expectation was that the Trump government would take advantage of the meeting of the OECD Council of Representatives, held today, to unblock the demand from Brazil and other countries to join the OECD.

Washington did not change its document to include Brazil in its proposal alongside the Argentine government, which has its entry into the OECD backed by the Trump government.