On Friday (Jun 28), the Southern Common Market (Mercosur) and the European Union (EU) concluded negotiations and inked a free trade agreement between the two blocs. The deal is expected to boost Brazil’s GDP by $87.5 billion in 15 years.
Brazil’s President Michel Temer flew to Santiago, Chile, where he signed a free-trade deal with Chilean President Sebastián Piñera in hopes of boosting the flow of goods and services between the two countries.
After a meeting held today (Apr. 27) with Chilean President Sebastián Piñera, Brazilian President Michel Temer said that the two heads of state talked about Piñera’s proposal to strike a free trade deal with Brazil.