IBOV 172,236.05 ▲ 2.22% IPC MEX 71,866.30 ▲ 0.66% MERVAL 2,848,945 — — USD/BRL5.51▲ 0.05% USD/MXN18.46▼ 0.39% USD/CLP966.96▼ 0.99% USD/COP3,267▲ 4.70% USD/PEN3.41▼ 1.07% USD/ARS1,545▼ 0.02% USD/UYU40.45▲ 0.35% USD/PYG6,450▲ 1.45% USD/BOB11.74▼ 0.59% USD/DOP60.46▲ 2.41% USD/CRC446.56▼ 0.38% USD/GTQ7.64▼ 0.05% USD/HNL26.89▲ 0.02% USD/NIO36.62▲ 2.53% USD/VES897.02▲ 0.07% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.42% USD/TTD6.72▼ 0.03% EUR/BRL6.19▲ 0.99% BRENT 90.04 ▼ 2.73% WTI 84.58 ▼ 2.61% IRON ORE 161.91 — — COPPER 6.33 ▼ 0.02% GOLD 4,123 ▲ 0.21% SILVER 52.82 ▲ 0.48% SOY 1,195 ▲ 1.06% CORN 441.25 ▲ 0.46% WHEAT 591.25 ▲ 0.55% COFFEE 273.05 ▼ 2.48% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 143.50 ▲ 7.85% COTTON 82.72 ▲ 5.00% COCOA 5,000 ▼ 3.01% BEEF 216.33 ▲ 1.06% CATTLE 328.83 ▲ 2.02% LITHIUM 61.35 ▲ 0.72% PETR4 45.19 ▼ 0.24% VALE3 66.11 ▲ 3.23% ITUB4 41.72 ▲ 2.94% BBDC4 14.68 ▲ 3.38% ABEV3 15.61 ▲ 0.84% BBAS3 17.02 ▼ 0.64% B3SA3 14.85 ▲ 3.20% WEGE3 50.74 ▲ 5.29% PRIO3 59.39 ▼ 1.80% SUZB3 54.20 ▲ 1.50% RENT3 30.83 ▲ 1.78% AZZA3 15.12 ▲ 2.44% CSAN3 2.77 — 0.00% RAIZ4 24.40 ▼ 12.86% PCAR3 2.43 ▲ 1.25% GMAT3 3.83 ▲ 0.79% PSSA3 45.65 ▲ 2.93% CVCB3 0.87 ▲ 3.57% POSI3 3.03 ▼ 1.94% SLCE3 17.30 ▲ 4.15% NATU3 5.71 ▲ 10.44% BRKM5 3.02 ▼ 5.63% RANI3 8.76 ▲ 3.44% CSNA3 4.49 ▲ 1.81% IBOV 172,236.05 ▲ 2.22% IPC MEX 71,866.30 ▲ 0.66% MERVAL 2,848,945 — — USD/BRL 5.51 ▲ 0.05% USD/MXN 18.45 ▼ 0.44% USD/CLP 966.96 ▼ 0.99% USD/COP 3,267 ▲ 4.70% USD/PEN 3.41 ▼ 1.07% USD/ARS 1,545 ▼ 0.02% USD/UYU 40.45 ▲ 0.35% USD/PYG 6,450 ▲ 1.45% USD/BOB 11.74 ▼ 0.59% USD/DOP 60.46 ▼ 0.21% USD/CRC 446.56 ▼ 0.38% USD/GTQ 7.64 ▼ 0.05% USD/HNL 26.89 ▲ 0.02% USD/NIO 36.62 ▲ 2.53% USD/VES 897.02 ▲ 0.07% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.42% USD/TTD 6.72 ▲ 2.10% EUR/BRL 6.19 ▲ 0.99% BRENT 90.04 ▼ 2.73% WTI 84.58 ▼ 2.61% IRON ORE 161.91 — — COPPER 6.33 ▼ 0.02% GOLD 4,123 ▲ 0.21% SILVER 52.82 ▲ 0.48% SOY 1,195 ▲ 1.06% CORN 441.25 ▲ 0.46% WHEAT 591.25 ▲ 0.55% COFFEE 273.05 ▼ 2.48% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 143.50 ▲ 7.85% COTTON 82.72 ▲ 5.00% COCOA 5,000 ▼ 3.01% BEEF 216.33 ▲ 1.06% CATTLE 328.83 ▲ 2.02% LITHIUM 61.35 ▲ 0.72% PETR4 45.19 ▼ 0.24% VALE3 66.11 ▲ 3.23% ITUB4 41.72 ▲ 2.94% BBDC4 14.68 ▲ 3.38% ABEV3 15.61 ▲ 0.84% BBAS3 17.02 ▼ 0.64% B3SA3 14.85 ▲ 3.20% WEGE3 50.74 ▲ 5.29% PRIO3 59.39 ▼ 1.80% SUZB3 54.20 ▲ 1.50% RENT3 30.83 ▲ 1.78% AZZA3 15.12 ▲ 2.44% CSAN3 2.77 — 0.00% RAIZ4 24.40 ▼ 12.86% PCAR3 2.43 ▲ 1.25% GMAT3 3.83 ▲ 0.79% PSSA3 45.65 ▲ 2.93% CVCB3 0.87 ▲ 3.57% POSI3 3.03 ▼ 1.94% SLCE3 17.30 ▲ 4.15% NATU3 5.71 ▲ 10.44% BRKM5 3.02 ▼ 5.63% RANI3 8.76 ▲ 3.44% CSNA3 4.49 ▲ 1.81%
since 2009
Tuesday, November 10, 2026

Brazil Mercosur-EU trade deal

Lula da Silva confident that an EU-Mercosur agreement will be reached in 2023

By · · 2 min read

Brazilian President Luiz Inácio Lula da Silva expressed his high hopes for the completion of the Mercosur-European Union association agreement within 2023.

His confidence stems from his current position as the temporary leader of Mercosur and Spain’s EU Council presidency.

Da Silva articulated his optimism during a press conference in Brussels, where he had been attending the EU-CELAC summit.

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He indicated a desire for the agreement to be finalized during Spain’s term leading the EU Council.

Lula da Silva confident that an EU-Mercosur agreement will be reached in 2023.
Lula da Silva is confident that an EU-Mercosur agreement will be reached in 2023.
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Da Silva pointed out the previous attempt at a similar agreement in 2010, expressing belief that 2023 could be a successful year.

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The EU and Mercosur parties have reiterated their commitment to conclude the agreement, addressing all remaining issues in line with each party’s priorities and concerns.

A supplementary part of the agreement is being negotiated, focusing on environmental commitments like adherence to the Paris Agreement and anti-deforestation efforts.

Da Silva described the EU’s proposal as assertive, calling for discussion through proposals rather than threats.

He anticipates a response from Mercosur in two weeks.

Moreover, he acknowledged the role of negotiation in trade agreements and emphasized the need for Mercosur countries to advance from being mere exporters of raw materials to becoming industrialized nations.

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

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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