Brazil and Australia have become good mates they have recently negotiated joint actions in the areas of trade; investments; agriculture; mining; energy; science and technology; education; sports and culture. There are also cooperation possibilities between Brazil's agricultural research agency Embrapa and CSIRO (Commonwealth Scientific and Industrial Research Organization), as well as between CNPq (technological and scientific development council) and Australian Research Council.
Trade is sizable between the two nations. Two-way merchandise trade between Australia and Brazil was A$1.98 billion in 2007–08. Merchandise trade comprised exports of A$938 million to Brazil and imports of A$1,040 million from Brazil. Major exports to Brazil included coal, nickel ores and medicaments, as well as motor vehicles—the Holden Commodore has been sold by General Motors do Brasil as the Chevrolet Omega since 1999. Major imports from Brazil included aircraft, animal feed, pulp and waste paper, fruit juices and pig iron.
The Chevrolet Omega is an executive car sold by General Motors do Brasil for the Brazilian market. Replacing the Chevrolet Opala, which was a development of the Opel Rekord C, the original Chevrolet Omega was based on the Opel Omega A, and built locally between 1992 and 1998. After 1999, local production ceased, and GM imported badge engineered versions of the Holden Commodore from Australia.
Australia is becoming an appealing destination to learn English after the United States and England – with a much more temperate climate and a smaller Brazilian community. There has also been an influx of Brazilian students who have come to attend Australian universities. These students come independent of their families on study visas, and usually stay after completion of their studies.
Brazil was the most popular South American destination for Australian travellers, with more than 60,000 people flying between the two countries in 2007. As a result, in 2008, the Australian Government agreed to new aviation agreements which meant airlines in Brazil and Australia will have their entitlements doubled to 14 weekly passenger flights and seven freight services