Brazilian Finance Minister Fernando Haddad urged the European Union to consider the political significance of its trade deal with Mercosur rather than focusing solely on economic factors.
Speaking at a conference at Sciences Po university in Paris on Monday, Haddad emphasized that while the agreement may offer limited economic benefits for Mercosur, its political value is crucial for both parties.
“In my opinion, Europe should also take a political look at this agreement, not just discuss every single 'win or lose' clause in the text,” Haddad stated.
The EU-Mercosur free trade agreement, concluded in December, promises about 4 billion euros ($4.33 billion) in annual tariff reductions. However, the deal still awaits approval from EU member states and faces resistance from countries such as France and Italy.
Haddad argued that embracing multilateralism is essential amid the uncertainty caused by U.S. tariff policies. He also noted that the Brazilian finance ministry is committed to ensuring the success of COP30, which Brazil will host in November, as part of restoring global multilateralism.
The trade deal is seen as an opportunity for both blocs to strengthen ties and counterbalance a potentially fragmented global landscape.
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, met with Marco Arcelli, Chief Executive Officer of Saudi Arabia’s ACWA Power....
Belgium has approved the transfer of four decommissioned minehunters to Bulgaria under a contract worth €24 million (over $28 million).
Egypt is conducting intensive diplomatic contacts with Arab, Islamic, and regional partners ahead of the emergency Arab-Islamic summit in Doha on Monday, which will address the recent Israeli attack in the Qatari capital.
The Turkic States Organization (TSO) will soon send its flag into space, the organisation’s Secretary-General Kubanychbek Omuraliev has announced.
Azerbaijan’s Minister of Economy, Mikayil Jabbarov, met with Marco Arcelli, Chief Executive Officer of Saudi Arabia’s ACWA Power.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Music mega-star Taylor Swift and National Football League player Travis Kelce announced their engagement. “Your English teacher and your gym teacher are getting married," the couple wrote in a joint Instagram post, alongside photos of Kelce proposing to Swift in a garden of pink and white flowers.
Five U.S. F-35 fighter jets landed in Puerto Rico following President Trump's order to bolster Caribbean military presence amid rising tensions with Venezuela.
The first ships of the international aid initiative, the Global Sumud Flotilla (GSF), departed from Tunisia’s Bizerte port on Saturday, heading towards the Gaza Strip.
Belgium has approved the transfer of four decommissioned minehunters to Bulgaria under a contract worth €24 million (over $28 million).
Egypt is conducting intensive diplomatic contacts with Arab, Islamic, and regional partners ahead of the emergency Arab-Islamic summit in Doha on Monday, which will address the recent Israeli attack in the Qatari capital.
Japanese Emperor Naruhito, Empress Masako and their daughter Princess Akito met survivors of the atomic bombing at a nursing care facility in Nagasaki on Saturday.
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