French President Emmanuel Macron has called for an overhaul of the Mercosur-EU trade agreement to include climate objectives.
Speaking to São Paulo’s industry leaders, he criticized the current deal’s shortcomings, particularly its neglect of environmental issues.
Macron emphasized the need for an accord that mirrors today’s environmental and biodiversity concerns.
During his address at the Brazil-France Economic Forum, Macron noted the deal’s two-decade-old framework.
He advocated for a new agreement that prioritizes deforestation, climate change, and biodiversity.
Despite aiming to sidestep divisive trade discussions, Brazilian executives broached the subject, aligning with Macron‘s vision for an updated pact.
This advocacy occurs amidst stalled negotiations, with political hurdles and the European parliamentary elections playing a role.
Macron’s subsequent talks with President Lula in Brazil will further address his stance on the agreement’s revision.
The meeting also highlighted Franco-Brazilian economic cooperation, focusing on the green energy transition and investment reciprocity.
Macron’s critique of the low Brazilian investment in France underscored the need for a more equitable economic relationship, enhancing bilateral trade and investment dynamics.
Macron’s advocacy for a climate-integrated trade agreement represents a pivotal moment for Mercosur-EU relations.
It aims to align trade practices with global sustainability goals and foster deeper cooperation between Brazil and France on pressing environmental issues.