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Home > Headlines > Brazil's finance minister sees growing support for Mercosur-EU deal

Brazil's finance minister sees growing support for Mercosur-EU deal

Published by Global Banking & Finance Review®

Posted on April 28, 2025

1 min read

Last updated: January 24, 2026

Brazil's finance minister sees growing support for Mercosur-EU deal - Headlines news and analysis from Global Banking & Finance Review

Quick Summary

Brazil's finance minister notes increased support for the Mercosur-EU trade deal, with France showing willingness to move forward.

Brazil's Finance Minister Backs Mercosur-EU Trade Deal Progress

(Reuters) - Brazilian Finance Minister Fernando Haddad said on Monday that he sees greater momentum for ratification of the long-delayed trade agreement between the South American bloc Mercosur and the European Union as geopolitical and trade tensions grow.

Following 25 years of talks, the free trade deal, which had divided European nations, was finalized in December. But it still requires legalization, translation, and approval by member nations from both blocs.

Speaking at an event in Sao Paulo, Haddad said he had noticed greater willingness from the French government, in particular, to move forward with the deal following his trip to Paris in late March.

France had historically opposed the agreement, arguing it would hurt French farmers by exposing them to unfair competition.

Mercosur includes agricultural powerhouses Brazil and Argentina, as well as Uruguay and Paraguay.

Haddad also said that after the trade war triggered by U.S. President Donald Trump's sweeping tariffs, Brazil had maintained open channels with the U.S., the EU and China.

(Reporting by Marcela Ayres; Editing by Joe Bavier)

Key Takeaways

•Brazil's finance minister sees growing support for the Mercosur-EU trade deal.
•The trade agreement has been in discussions for 25 years.
•France shows increased willingness to ratify the deal.
•The deal requires approval from both Mercosur and EU member nations.
•Brazil maintains open trade channels with the U.S., EU, and China.

Frequently Asked Questions about Brazil's finance minister sees growing support for Mercosur-EU deal

1What is the main topic?

The article discusses the growing support for the Mercosur-EU trade deal, particularly from Brazil's finance minister.

2Why is the Mercosur-EU deal significant?

The deal represents a major trade agreement between South American and European nations, impacting agriculture and trade policies.

3What challenges does the deal face?

The deal requires ratification from all member nations and has faced opposition, particularly from France.

Brazil's Finance Minister Backs Mercosur-EU Trade Deal Progress

Speaking at an event in Sao Paulo, Haddad said he had noticed greater willingness from the French government, in particular, to move forward with the deal following his trip to Paris in late March.

France had historically opposed the agreement, arguing it would hurt French farmers by exposing them to unfair competition.

Mercosur includes agricultural powerhouses Brazil and Argentina, as well as Uruguay and Paraguay.

Haddad also said that after the trade war triggered by U.S. President Donald Trump's sweeping tariffs, Brazil had maintained open channels with the U.S., the EU and China.

(Reporting by Marcela Ayres; Editing by Joe Bavier)

Key Takeaways

•Brazil's finance minister sees growing support for the Mercosur-EU trade deal.

•The trade agreement has been in discussions for 25 years.

•France shows increased willingness to ratify the deal.

•The deal requires approval from both Mercosur and EU member nations.

•Brazil maintains open trade channels with the U.S., EU, and China.

Frequently Asked Questions

1What is the main topic?

The article discusses the growing support for the Mercosur-EU trade deal, particularly from Brazil's finance minister.

2Why is the Mercosur-EU deal significant?

The deal represents a major trade agreement between South American and European nations, impacting agriculture and trade policies.

3What challenges does the deal face?

The deal requires ratification from all member nations and has faced opposition, particularly from France.