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Overview
- Lula will skip Saturday’s ceremony in Asunción, which will be held at ministerial level, with Brazil represented by Foreign Minister Mauro Vieira.
- Ursula von der Leyen meets Lula in Rio on Friday, while European Council President António Costa will miss the meeting because of a delayed flight.
- The agreement phases out tariffs on roughly 90% of products, adds agricultural safeguard triggers, and hardens sustainability and due‑diligence requirements for market access.
- Farmer unrest continues in Europe, with Belgian authorities investigating the leader of a Brussels potato-dumping protest and unions planning a demonstration next week near the European Parliament.
- Brazil projects the pact could take effect in the second half of 2026 pending approvals, and the government launched a data panel to guide exporters as 2025 Brazil–EU trade totaled about US$100.1 billion.