economy
Lula delivers document to Congress to ratify Mercosur-EU agreement
Brazilian President Luiz Inácio Lula da Silva has taken a decisive step toward unblocking the historic trade agreement between Mercosur and the European Union (EU). This Monday, coinciding with the opening of the 2026 legislative year, the president formally submitted the treaty to the National Congress to begin its ratification process.
TL;DR
- Brazil's President Lula da Silva has formally submitted the Mercosur-EU trade agreement to Congress for ratification.
- The agreement is considered strategic for Brazil's foreign policy and regional economic growth.
- Brazil expects the pact to boost competitiveness, expand exports, and attract foreign investment with sustainability criteria.
- The Speaker of the House of Representatives has promised a swift legislative process, aiming for a plenary vote in the lower house after Carnival.
- The agreement faces legal hurdles in the European Union, awaiting a ruling from the Court of Justice of the EU.
- There is a possibility for provisional application of the agreement if at least one Mercosur partner ratifies it internally.
- The President of the European Council has urged the European Commission to avoid further delays in implementing the pact.