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What will Brazil gain from the Mercosur-EU trade deal?

mercosur-eu

After over 20 years of back-and-forth negotiations, diplomats have finally agreed to terms on the Mercosur-EU free trade deal. It is, by far, the biggest deal of its kind in the history of the South American bloc, and it creates one of the biggest free trade zones in the world—set to generate an extra USD 87.5 billion for Brazil’s GDP over the next 15 years.

The Mercosur-EU deal is also the first major diplomatic victory for the Jair Bolsonaro administration, after a rocky start at the G20 summit in Osaka, which...

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