IBOV 176,254 ▲ 0.29% IPSA 10,928 ▲ 0.16% IPC MEX 66,572 ▲ 0.91% MERVAL 3,225,978 ▼ 0.29% COLCAP 2,294.35 ▼ 0.58% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL5.07▼ 1.26% USD/MXN17.43▼ 0.56% USD/CLP926.05▼ 0.73% USD/COP3,247▼ 0.48% USD/PEN3.40▼ 0.27% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.25▲ 0.29% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.48% BRENT 85.05 ▲ 2.10% WTI 79.58 ▲ 1.84% IRON ORE 161.91 — — COPPER 6.36 ▲ 2.04% GOLD 4,053 ▲ 1.39% SILVER 58.88 ▲ 2.16% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.31 ▲ 1.52% PETR4 40.61 ▼ 0.12% VALE3 74.12 ▲ 1.74% ITUB4 43.40 ▼ 0.28% BBDC4 18.54 ▼ 1.23% ABEV3 15.83 — 0.00% BBAS3 20.48 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10.91 ▲ 4.30% FLRY3 16.42 ▲ 1.67% SMTO3 16.11 ▼ 1.59% UGPA3 29.84 ▼ 3.52% VBBR3 33.04 ▲ 0.85% BBSE3 40.29 ▲ 0.02% BPAC11 57.81 ▲ 0.50% CURY3 32.90 ▼ 0.66% AERI3 2.07 ▼ 0.48% VIVARA 23.37 ▲ 1.13% COMPASS 25.24 ▲ 1.90% VAMOS 3.05 ▲ 0.99% SANB11 27.32 ▼ 0.18% ASAI3 8.64 ▼ 0.80% SBSP3 30.35 ▼ 0.07% WALMEX 49.43 ▼ 0.44% GMEXICO 201.02 ▲ 2.78% FEMSA 232.81 ▲ 3.31% CEMEX 22.09 ▲ 1.42% GFNORTE 186.00 ▲ 2.16% BIMBO 56.50 ▲ 1.13% TELEVISA 9.54 ▼ 0.73% AMX 22.87 ▲ 1.24% GAP 390.73 ▼ 4.28% ASUR 277.70 ▼ 0.34% OMA 235.14 ▲ 0.78% KOF 180.43 ▼ 0.69% GRUMA 281.06 ▼ 0.11% KIMBER 38.49 ▲ 0.71% SQM-B 67,466 ▲ 0.38% COPEC 6,131 ▲ 1.22% BSANTANDER 78.60 ▲ 0.51% FALABELLA 5,918 ▲ 0.23% ENELAM 84.93 ▲ 0.87% CENCOSUD 2,050 ▲ 0.49% CMPC 1,075 ▼ 0.32% BANCO CHILE 187.61 ▲ 1.41% LATAM AIR 24.73 ▼ 0.68% YPF 77,550 ▲ 0.49% GGAL 7,970 ▼ 1.36% PAMPA 5,205 ▼ 0.38% TXAR 662.50 ▼ 0.30% ALUAR 947.50 ▼ 1.76% TGS 9,670 ▲ 1.04% CEPU 2,313 ▼ 0.26% MIRGOR 16,700 ▼ 1.76% COME 45.24 ▲ 1.03% LOMA NEGRA 3,525 ▲ 0.79% BYMA 301.00 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Lula da Silva promises to conclude Mercosur-EU free trade agreement in six months

By · September 22, 2022 · 2 min read

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The Workers’ Party (PT) candidate for President of the Republic, Luiz Inácio Lula da Silva, said in an interview with Canal Rural that he would conclude the free trade agreement between Mercosur and the European Union in six months.

“I can guarantee that if I win the elections, we will conclude an agreement with the European Union in the first six months.

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“An agreement that considers the need for Brazil to get back to reindustrialization because we can’t allow government purchases if we don’t harm small and medium-sized companies,” said Lula da Silva.

Former Brazilian President Luiz Inacio Lula da Silva.
Former Brazilian President Luiz Inacio Lula da Silva. (Photo: internet reproduction)
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Brazil’s environmental policy is one of the main reasons European parliamentarians give for keeping the agreement on hold.

“We need this agreement. We came close to having a deal. We are willing to conclude (the agreement) because we have something to sell; we have competitive products, especially in agriculture.

“If it depends on me, we will sell everything we produce out there, and we will not give in to demands. We are going to negotiate,” he affirmed.

Regarding legal deforestation, allowed in certain percentages according to each biome by the Brazilian Forest Code and refuted by European countries, da Silva declared that “nobody is against”.

“It’s in the law that, if you buy land in the Amazon, 80% of the land has to be preserved,” said Lula da Silva.

The former president also said Brazil is “sovereign” and does not have to subordinate itself to the Europeans, who demand deforestation-free products.

“But they also can’t do what we want. They said no. We have to create conditions for them to say yes. It’s a negotiation process,” argued da Silva.

With information from Estadão

For the full picture, see our Mercosur EU Trade Deal: Complete Guide.

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