He mercosur and Canada negotiations will resume for a Free trade agreement, as revealed by Brazilian government officials to CNN Brazil. It is an initiative that was paused after the advent of the coronavirus pandemic.
The group made up of Brazil, Argentina, Uruguay and Paraguay I had been negotiating with Canada from 2018. Negotiations were going well and there were private sector interest in an agreement, but the pandemic ended up freezing everything.
Mercosur and Canada Agreement: negotiations will resume
In the first week of May, a team of Canadian negotiators will arrive in Brasilia for the first round of discussions in more than three years.
The expectation in the executive of the Brazilian president Luiz Inacio Lula da Silva is that a FTA It can be concluded soon, even if it is within a few months.
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The idea is to form an agreement that covers not only the elimination of tariffs on industrial and agricultural goodsbut also areas like services, investments, sanitary and phytosanitary measures, intellectual property and government purchasesamong other.
Brazil exported US$5.4 billion to Canada and imported $5.2 billion from that country last year. The main products exported were gold, aluminumsemi-finished objects of steel, sugar, coffee and Embraer aircraft.
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Other international agreement
The President of the Nation, alberto Fernandezwill present in Brazil four documents to advance the Free trade agreement between European Union (EU) and Mercosur Signed in 2019but it was not applied by the old continent, and that hinders the south american exports to that regional bloc.
Fernandez, current pro tempore president of Mercosurwill present the documents that basically have to do with the value chain and the environmentalismBesides products with denomination of originofficial sources told Télam.
those new writings “resignify forward” the agreement and “they will be made available to Mercosur”maintained sources close to the head of state.
Source: Ambito
