Brazil is not likely to agree to a Free Trade Area of the Americas agreement. Brazil would not fit well into a Free Trade Area of the Americas agreement, and Brazil know they would not. Brazil does not believe that it will be in their best interest to join an FTAA.
No, Brazil is not likely to agree to an FTAA agreement, because they do not believe that the interests of developing nations are represented. Brazil believes that intellectual property and technology issues are less important than discussing agricultural issues. Because Brazil believes the focus is incorrect, they are unlikely to sign an FTAA agreement.