Macron to Lula: the agreement between the EU and Mercosur needs to be redone. He did so in his speech at the France-Brazil Economic Forum on Wednesday in Sao Paulo.
The current treaty, discussions for which began in 1999, eliminates most customs duties between the two zones. Despite the closure of negotiations between the parties in 2019, opposition from several countries, including France, blocked it.. Brazil is in favor of the agreement on the condition that the EU takes on part of the investments in the agenda on the fight against climate change and the energy transition.