News Snapshot:
Montevideo: Brazilian President Luiz Inacio Lula da Silva on Wednesday called for the South American trade bloc Mercosur to urgently seal a free trade agreement with the European Union before negotiating with China. Lula made the comments in Uruguay, which has been pursuing its own commercial deal with Beijing, despite opposition from Mercosur — made up of Brazil, Argentina, Uruguay and Paraguay. The EU reached a trade agreement in 2019 with Mercosur following 20 years of negotiations, but the deal has not yet been ratified. “It is urgent and extremely important for Mercosur to reach an agreement with the EU,”...
