The European Union’s substantial trade agreement with the South American bloc Mercosur is set to provisionally take effect on Friday, notwithstanding an ongoing court ruling regarding its legality. The establishment of one of the largest free-trade zones globally was finalized in January, following over 25 years of sporadic negotiations. The combined economic output of the … Read more
On Tuesday, Brazilian President Luiz Inácio Lula da Silva enacted the trade agreement between Mercosur and the European Union, thereby overcoming the last domestic obstacle prior to the phased implementation of the pact starting May 1. The decree, executed at the Planalto Palace in Brasília, officially integrates the treaty into Brazil’s legal framework. The ceremony … Read more
The European Union and the South American bloc Mercosur are poised to finalize an agreement on Saturday, culminating over 25 years of negotiations, aimed at establishing one of the largest free trade areas globally. Despite opposition from European farmers concerned about their financial interests, an agreement reached in Brussels last week is poised to be … Read more