In 2013, China replaced the European Union as the single most important market for Brazil’s agriculture-based exports, reinforcing the recent trend towards new commercial partners, such as countries in East Asia and the Pacific, the Middle East, and Latin America. However, since 2011, the economy has grown at just over 2% per year, compared with over 8% in China and more than 5% in India. Growth remains hampered by structural weaknesses in the economy, which include weak infrastructure, an onerous indirect tax system, burdensome administrative procedures, low engagement in international trade and low levels of education and skills.