Canada depends on trade for 25% of its GDP and needs to develop its agriculture and natural resources to access new markets. This document discusses opportunities for Canada to expand trade with Brazil and South America through various existing and potential trade agreements. It notes that Canada has been in trade talks with Mercosur since 2011 but that the bloc does not always deliver benefits to member countries as intended. The document advocates that Canada focus on pursuing fair bilateral trade deals with specific countries in South America rather than blocs and that it invest in infrastructure and streamline regulations to facilitate expanded trade.