Published by Global Banking & Finance Review®
Posted on May 23, 2025
2 min readLast updated: January 23, 2026
Add as preferred source on GoogleAntonio Costa visits Brazil to enhance EU investment ties and discuss the Mercosur trade deal with President Lula. EU is Brazil's largest foreign investor.
By Sudip Kar-Gupta
BRUSSELS (Reuters) - Antonio Costa, head of the European Council that represents the 27 EU countries, will travel to Brazil from May 27-May 29 to strengthen partnerships and investment ties between the European Union and Brazil.
The European Council said on Friday that Costa would meet Brazilian President Luiz Inacio Lula da Silva during his trip and make a speech at an EU-Brazil investment forum.
The EU is Brazil's second-largest trading partner and Brazil's largest foreign investor, with more than 300 billion euros ($340.7 billion) worth of direct investment stocks.
"Brazil is not just a close friend, it is a strategic partner for the EU – a global player and a key ally in promoting democracy, multilateralism and shaping a more just and sustainable world," Costa said in a statement.
"In times when these values are challenged globally, it is even more crucial that countries like Brazil and the European Union stand together to uphold them," he added.
Costa's trip to Brazil also comes as the EU aims to ratify a long-delayed trade deal between the South American bloc Mercosur and the EU, which mainly covers farming matters.
($1 = 0.8807 euros)
(Reporting by Sudip Kar-Gupta; editing by Foo Yun Chee)
Antonio Costa is traveling to Brazil to strengthen partnerships and investment ties between the EU and Brazil.
Costa will meet Brazilian President Luiz Inacio Lula da Silva during his trip.
Brazil is the EU's second-largest trading partner and largest foreign investor, with over 300 billion euros in direct investment stocks.
The EU aims to ratify a long-delayed trade deal with the South American bloc Mercosur, which mainly covers farming matters.
Brazil is seen as a strategic partner for the EU in promoting democracy, multilateralism, and shaping a more just and sustainable world.
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