"A historic day for multilateralism," says Lula about the Mercosur-EU agreement.
The Mercosur-European Union trade agreement was confirmed by most European countries this Friday.
247 - President Luiz Inácio Lula da Silva defined the approval, this Friday (9), by a qualified majority of the European Union member states, of the Partnership Agreement between Mercosur and the European bloc as a "historic day for multilateralism".
The Mercosur-European Union trade agreement was confirmed by most European countries this Friday. Various studies indicate that the Mercosur-EU agreement could generate, in the long term, an increase of approximately 2% in Brazilian agribusiness production, with gains concentrated in sectors such as livestock, poultry, pork, and vegetable oils and fats, according to Reuters.
According to the president, the trade agreement, which had been under negotiation for 25 years, will bring numerous commercial advantages to the South American bloc. He also highlighted that the agreement signals progress towards multilateralism. A clear message to protectionists, as Lula posted on social media.
By Lula, on X - A historic day for multilateralism. After 25 years of negotiation, the Mercosur-European Union Agreement, one of the world's largest free trade agreements, was approved. The decision, endorsed by the European side, unites two blocs that together comprise 718 million people and a GDP of US$22,4 trillion.
In an international context of increasing protectionism and unilateralism, the agreement signals support for international trade as a driver of economic growth, benefiting both blocs.
The text expands alternatives for Brazilian exports and European productive investments, and simplifies trade rules for both sides. A victory for dialogue, negotiation, and a commitment to cooperation and integration between countries and blocs.
