This week’s episode explores the Mercosur-EU trade deal. President Jair Bolsonaro started off his participation at the G20 summit in Osaka, in the worst possible fashion. He had to deal with a scandal, when an Air Force officer flying with the presidential convoy was caught carrying 39 kilos of cocaine in his hand luggage.
Mr. Bolsonaro was also facing scrutiny from world leaders for his lack of environmental concerns. I mean, between January and June 2019, the Brazilian Amazon has lost the equivalent of 320 thousand football fields to deforestation.
Then, all of a sudden, the narrative changed—thanks to something happening thousands of miles away from Osaka. South American and European negotiators agreed in principle to a deal between the European Union and Mercosur—which will form the largest free trade zone in the world.
This week we’re talking about the implications of the deal for Brazil.
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