Argentina Brazil approves Mercosur-EU free trade agreement
The Brazilian parliament has ratified the free trade agreement between the South American confederation Mercosur and the European Union.
05.03.2026, 05:31
SDA
Senate President Davi Alcolumbre praised the fact that parliament had acted in the interests of society with its approval after the agreement had cleared the final parliamentary hurdle in the Senate. Uruguay and Argentina have also already ratified the agreement.
The deal was signed in Paraguay at the beginning of the year after more than 25 years of negotiations. It is intended to create a new free trade zone with more than 700 million inhabitants. The removal of trade barriers and customs duties is intended to boost the exchange of goods and services.
Despite a pending review by the European Court of Justice, the EU Commission had announced that it would apply the agreement provisionally.
