Brazilian presidential election frontrunner Luiz Inacio Lula da Silva favors reopening talks on a stalled European Union trade deal with South American trade bloc Mercosur to add provisions on environmental protection, human rights and technology.
Brazil wants to expand trade and investment with Arab countries, said a government official, amid ongoing talks for commercial agreements with Saudi Arabia, Lebanon and the United Arab Emirates.
The European Union wants to accelerate efforts to finalise trade agreements with third parties after a six-month pause, as the bloc adapts to the Ukraine war and other challenges, EU trade commissioner said.
Spanish foreign minister Jose Manuel Albares called on his EU peers to definitively advance in the ratification of the trade accords of the European Union with Chile, Mexico and Mercosur.
The European Union aims to finalize and sign at least three stalled trade agreements this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine.
A group of European Union countries are pushing to kick start negotiations on stalled free-trade agreements as Russia’s war with Ukraine threatens the bloc’s economic and security interests.
The European Union and the South American trade bloc Mercosur could by year's end resolve environmental concerns that are holding up a free trade agreement, EU Commissioner Virginijus Sinkevicius said.