Senate President Davi Alcolumbre highlighted the rapid processing of the agreement in Congress and stated that it is expected to provisionally enter into force in May, provided the European schedule is not delayed.
Brazilian Congress promulgates agreement between Mercosur and the EU
Tuesday, 17 March 2026RSS
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.
