Trade

Brazil: EU and Mercosur on the verge of signing trade deal

The EU and the South American trade bloc Mercosur are very close to finalizing their bilateral trade agreement, the presidents of Brazil and Argentina said today.

“Were on the verge of signing an agreement between Mercosur and the European Union,” Brazilian president Jair Bolsonaro said during a press conference with his Argentine counterpart Mauricio Macri in Buenos Aires. “We are all going to win with this: Argentina, Brazil and the other countries of this bloc, [Paraguay and Uruguay],” he added.

Argentinas Macri said that an agreement with the EU was “very close.”

Officials from the EU and Mercosur have raised hopes that the deal could be closed during high-level talks in the last week of June, just before a summit of the G20 group of leading economies in Osaka oRead More – Source

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