Brussels: President von der Leyen and Brazilian President Lula da Silva have announced the upcoming signing of the EU-Mercosur agreement, marking the culmination of over two decades of negotiations.
According to Cyprus News Agency, the agreement represents a significant achievement for both regions, as it establishes the largest free trade zone on the planet.
President von der Leyen emphasized the importance of this partnership, highlighting the mutual benefits such as job creation and better opportunities for businesses on both sides. The EU-Mercosur agreement aims to foster prosperity through international trade, creating a framework of trust and teamwork between Europe and Mercosur countries. This collaboration aligns with Europe's ambition to promote a rules-based international order.
Next year marks the 20th anniversary of the strategic partnership between Europe and Brazil, making the timing of this agreement particularly significant. The agreement will offer mutual access to strategic markets with clear, predictable rules and common standards, facilitating investments through well-established supply chains.
Additionally, President von der Leyen welcomed the progress toward a political agreement between Europe and Brazil on critical raw materials, focusing on joint investment projects in lithium, nickel, and rare earths. This agreement aims to support digital and clean transitions and ensure strategic independence. Europe's approach prioritizes transparency, environmental respect, and local community benefits, presenting a model of win-win cooperation.
The signing of the EU-Mercosur agreement is seen as the first step in a broader journey, with the ultimate goal being tangible benefits for people and businesses. The agreement is poised to become a success story involving 700 million people.