Mercosur & China

Mercosur: Mercosur entered into a provisional trade deal with the European Union, which is expected to boost its exports, particularly in agribusiness, and create a large trans-Atlantic market. This agreement is seen as a response to unilateral tariffs and a reaffirmation of multilateralism.

China: The trade deal is partly aimed at reducing reliance on China for critical minerals and helping EU companies compete against Chinese rivals in Mercosur markets, where China has a strong presence.

Mercosur: Discussions during previous visits covered the possible expansion of the Mercosur-India Preferential Trade Agreement, indicating its relevance to the ongoing trade relationship between Brazil and India.

Mercosur: Canada is also intensifying negotiations on a free trade agreement with Mercosur, an alliance that includes Brazil, Argentina, Paraguay, and Uruguay, as part of its broader trade diversification strategy.