The document mentions that at this Saturday’s summit, in Foz do Iguaçu, negotiations were launched for a trade agreement with Vietnam, talks for a strategic partnership with Japan and a cooperation agreement was signed to strengthen the fight against human trafficking.
Brazil’s presidency of Mercosur had as a priority the deepening of intra-bloc integration, highlights a statement from the Ministry of Foreign Affairs (MRE) on Saturday night summarizing the summit meeting this January 20th in Foz do Iguaçu. The text also speaks of the “marked dynamism in extra-regional negotiations” under Brazil’s command and the hope of signing a treaty with the Europeans
“Mercosur completed the internal procedures for signing the Partnership Agreement with the European Union, which could not be implemented due to the lack of political consensus in European community bodies”, highlights the statement. “It is hoped that the EU can complete its internal procedures, so that the agreement can finally be signed.”
“Progress was made in the negotiations to facilitate a common agreement in the automotive sector and the terms of reference were concluded for contracting a study on the sugar and alcohol sector in the bloc”, highlights the statement when speaking of Brazil’s presidency in the bloc
The document mentions that at this Saturday’s summit, in Foz do Iguaçu, negotiations were launched for a trade agreement with Vietnam, talks for a strategic partnership with Japan and a cooperation agreement was signed to strengthen the fight against human trafficking.
Since the creation of Mercosur in 1991, intra-bloc trade has multiplied more than ten times, reaching US$49 billion in 2024. The bloc is the main recipient of foreign investment in the region, having received 62.1% of flows directed to South America, highlights the document.
The text also mentions progress on other fronts of trade negotiations, such as the relaunch of talks with Canada and relevant progress in negotiations with the United Arab Emirates.
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