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On February 25, Brazil's Chamber of Deputies approved the free trade agreement signed between Mercosur and the European Union. The text now goes to the Senate. The agreement provides for the blocs to eliminate or reduce import and export tariffs. Together, Mercosur and the European Union have a population of 718 million and an estimated gross domestic product (GDP) of USD 22.4 trillion.
Under the text, the European Union commits to eliminating import tariffs on approximately 95% of goods, representing 92% of the value of European imports of Brazilian goods, within 12 years.
Alignment
Earlier, acting president and Minister of Development, Industry, Trade, and Services, Geraldo Alckmin, met with federal deputies, senators, and members of the government to coordinate the agreement's approval in Congress.
The meeting focused on building political consensus for urgent consideration of the text in both Houses. The Vice President added that he would forward a decree regulating the safeguards of the agreement between the blocs to the Civil House on the same day.
February 25, 2026/ MAPA/ Brazil.
https://www.gov.br
