Commonwealth of The Bahamas
Traditionally, relations between Brazil and the Bahamas have been characterized by cordial dialogue and rapprochement on trade and investment. The opening of the Embassy of Brazil in Nassau, in 2005, and the intensification of relations between Brazil and the Caribbean Community (CARICOM) have brought new perspectives for political dialogue and technical, educational and cultural cooperation with the Bahamas.
Between 2008 and 2015, Brazil's trade with the Bahamas grew 8.9 times, with a 15-fold increase in Brazilian exports. The value of trade between the two countries rose from US $ 60 million in 2008 to $ 595.3 million in 2015. Brazilian exports to the Bahamas are composed mostly by commodities, especially crude oil. Imports comprise basically manufactured goods, especially copper.
Due to the increasing flow of South American tourists, in particular from Brazil, bound for the Bahamas, the Ministry of Tourism of the Bahamas and the administrator of the Nassau Airport began to examine with some airlines the possibility of creating direct flights between Brazil and the Bahamas.
In the field of technical cooperation, the Bahamas expressed interest in receiving cooperation in agricultural training and renewable energy.
Chronology of Bilateral Relations
2005 – Creation of the Brazilian Embassy in the Bahamas
2008 – The Prime-Minister of the Bahamas represents his country at the Summit of Latin America and the Caribbean on Integration and Development (CALC) in Costa do Sauipe, BA
2010 – The Foreign Minister and Deputy Prime Minister of the Bahamas represents his country in the I Brazil-CARICOM Summit, held in Brasilia
2012 – The Foreign Minister of the Bahamas heads the delegation of his country to the United Nations Conference on Sustainable Development (Rio + 20)
2013 – The Minister of Financial Services of the Bahamas participates in the "Brazil Investment Summit" in São Paulo