Meeting with Lula precedes signing in Asunción. The trade agreement will eliminate tariffs on 91% of European exports and 92% of South American exports, benefiting the automotive and agri-food sectors.
Mercosur: Brazil foresees an impact of six billion euros
Friday, 16 January 2026RSS
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Context & Explainers
Mercosur is the South American trade bloc (Southern Common Market) whose main founding members are Argentina, Brazil, Paraguay and Uruguay. An EU–Mercosur trade agreement — which the story says may be approved and signed soon — would reduce tariffs and open markets on both sides, affecting agricultural and industrial trade flows and therefore prices and business opportunities relevant to residents and companies in Portugal.
