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Lula Sets Dec. 20 Signing for EUMercosur Trade Pact in Brazil

French approval hinges on a stronger agricultural safeguard.

Overview

  • Brazil's president announced the agreement will be signed on December 20 and indicated the ceremony would be held in Brasilia.
  • The Mercosur summit planned for that day in Foz do Iguaçu may be postponed to January, prompting a separate signing event.
  • Speaking after the G20 meeting in Johannesburg, Lula said he will make no other trips this year beyond returning for the signing.
  • France restated that its support depends on a legally enforceable, robust safeguard to protect sensitive agricultural products.
  • The European Commission approved the pact in September, with final implementation still contingent on EU member-state and parliamentary ratification.