Brazil’s president urges Mercosur to quickly implement trade deals


By Lisandra Paraguassu

BENTO GONÇALVES, Brazil (Reuters) – Brazil’s Jair Bolsonaro said on Thursday that the South American trade bloc Mercosur needs to hurry up and implement agreements the group has negotiated.

The Mercosur common market concluded a free trade accord with the in June that took two decades to negotiate but still needs to be ratified by Brazil, , Uruguay and Paraguay as well as all the EU member states.

Article continues below Advertisement...

in Europe by some EU farming nations and criticism by Argentina’s incoming President-elect Alberto Fernandez, a left-leaning Peronist who takes office on Tuesday, has cast doubt on the deal’s future.

Speaking at a summit of its leaders, Bolsonaro said the Mercosur common market had a key role to play in Brazil’s efforts to open its to international trade and improve the for foreign entrepreneurs.

He urged the group to lower its common external tariff and undertake reforms to make it more agile, a notable turnaround for a president who was critical of globalization and said Mercosur was not a priority when he took office in January.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the , it is one of the riskiest investment forms possible.



Please enter your comment!
Please enter your name here