The chancellor of Germany and president of Brazil expressed hope that decades-long negotiations might soon yield a finalized free trade agreement between the 27-member European Union and a bloc of four South American nations.
Argentina and Brazil are requesting 12.5 billion euros in financial aid from the European Union in talks to conclude a trade agreement with South America's Mercosur bloc.
Brazil’s president is asking for a meeting of leaders from the European Union and Mercosur to decide on a trade deal this year, during his presidency at the South American bloc.
The Brazilian president delivered a message to industrialized nations at a climate summit in Belém, arguing they should ‘pay their part so we can revive part of what was ruined’
Brazilian President Luiz Inacio Lula Da Silva will send the European Union a counter-proposal on the long-delayed trade deal with the South American bloc Mercosur in the coming two or three weeks.
Argentina and Brazil, South America's largest economies, took aim at an "unacceptable" EU stance in negotiations with the Mercosur bloc for a free trade deal long delayed due to stated European environmental concerns.
Mercosur countries cancelled trade talks with the EU meant to be held in Buenos Aires starting 29-30 June in what was seen as an attempt by Brazil’s President to buy time and present a counter-proposal to the bloc’s most recent demands.
Brazilian president Lula da Silva reiterated his support for the signing of the agreement between the European Union and Mercosur but expressed his dissatisfaction with the additional terms proposed by the European bloc, calling them “unacceptable.”
Brazil cannot give up government purchases, Lula said, referring to an unwanted procurement clause of the deal allowing European companies to sell to Brazil's public sector.