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.
The United States eased sanctions on Iran for 60 days as President Donald Trump warned he would do "what I have to do" if Tehran failed to honour the ...
The European Union is set to host Taliban officials in Brussels for talks on migration, marking the first known visit by the group to an EU meeting si...
North Korean leader Kim Jong Un has said the country must continue strengthening its nuclear capabilities to deal with what he described as an increas...
Andy Burnham, the frontrunner to be Britain’s next Prime Minister, was sworn in as a member of Parliament on Monday, just hours after Keir Starmer a...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 23 June, covering the latest developments you need to know. ...
The United States eased sanctions on Iran for 60 days as President Donald Trump warned he would do "what I have to do" if Tehran failed to honour the deal.
The European Union is set to host Taliban officials in Brussels for talks on migration, marking the first known visit by the group to an EU meeting since it returned to power in Afghanistan in 2021.
North Korean leader Kim Jong Un has said the country must continue strengthening its nuclear capabilities to deal with what he described as an increasingly unstable global security environment.
Andy Burnham, the frontrunner to be Britain’s next Prime Minister, was sworn in as a member of Parliament on Monday, just hours after Keir Starmer announced his resignation from the top job.
At least thirteen people have died and sixty-six have been injured following an explosion at Qatar's main liquefied natural gas (LNG) processing hub at Ras Laffan, authorities said on Sunday.
Cape Verde’s remarkable FIFA World Cup debut continued on Sunday (21 June) as the tournament newcomers held Uruguay to a 2-2 draw. Goalkeeper Vozinha was once again at the centre of the story, this time with his mother watching from the stands.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
Three students have been killed and at least seven injured after two of their peers opened fire in a high school in the Philippines, police said. A spokesperson for the police said the two suspects, aged 14 and 15, had been arrested and a police pistol confiscated. Bullying is a possible motive.
The European Union is set to host Taliban officials in Brussels for talks on migration, marking the first known visit by the group to an EU meeting since it returned to power in Afghanistan in 2021.
North Korean leader Kim Jong Un has said the country must continue strengthening its nuclear capabilities to deal with what he described as an increasingly unstable global security environment.
Andy Burnham, the frontrunner to be Britain’s next Prime Minister, was sworn in as a member of Parliament on Monday, just hours after Keir Starmer announced his resignation from the top job.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 23 June, covering the latest developments you need to know.
A shooting in Montreal, Canada has left three people dead, including a police officer, a civilian and the suspected attacker, police said.
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