Brazil's Lula Pushes EU-Mercosur Trade Deal

Brazilian President Luiz Inacio Lula da Silva is optimistic about finalizing a trade agreement between the European Union and the Mercosur bloc by the end of this year, despite facing resistance from France. Lula stated, 'We will get it done,' during an event in Brasilia, emphasizing direct negotiations with European Commission President Ursula von der Leyen. The deal, under discussion for 25 years, aims to reduce trade barriers but has stalled due to EU demands related to environmental and climate commitments, particularly concerning Amazonian deforestation. Although France and Poland express skepticism, countries like Germany and Spain support the agreement, highlighting a division within the EU. The potential trade pact could significantly benefit EU manufacturing exports but raises concerns among European farmers about increased competition. The upcoming Mercosur summit in Uruguay may provide further opportunities to advance negotiations.