Signed in 2019, the Mercosur–EU agreement must be approved by the Parliaments of the countries in both blocs before becoming effective. Environmental and climate issues, however, have blocked its progress.
The Brazilian delegation at the OECD Ministerial Meeting took the opportunity to underscore the importance of the organization in global economic governance and Brazil’s role in the process of expanding the OECD.
“Bilateral trade grew in 2020, despite the pandemic, to a record volume of $102.5 billion, with a surplus balance of $33 billion for Brazil. We want a bigger and more diversified economic and commercial relationship with China. Our exports, still concentrated on a few primary products, could expand in amount and variety,” the chancellor declared.