Brazil Lower House Approves Eu-Mercosur Free Trade Deal
12 Articles
12 Articles
The Minister of Industry sends to the Cabinet of the Presidency the decree of safeguards recognizing that...
Historic Trade Accord: EU-Mercosur Pact Clears Brazilian Hurdle
Brazil's lower house approved the EU-Mercosur free trade agreement, pending Senate approval. The agreement, under negotiation for 25 years, requires ratification by Mercosur member legislatures to take effect, including Argentina, Brazil, Paraguay, and Uruguay.
The House of Deputies adopted on Thursday the draft legislative decree ratifying the provisional trade agreement signed between Mercosul and the European Union, which is necessary for the incorporation of the treaty into the Brazilian legal order. The text is now being analysed by the Federal Senate. Before the meeting, the President of the House, Hugo Motta (Republicos-PB), met with Vice-President Geraldo Alckmin (PSB), to align the latest deta…
The text will now be sent to the Senate
"As the main economy of South America, Brazil will be the main protagonist of the benefits" of the agreement with Mercosur, said after the approval of the president of the Chamber of Deputies of Brazil, Hugo Motta. The vote in the lower House took place after the document passed the procedure in the Brazilian representation of the Parlasur, a bicameral commission linked to the National Congress and Mercosur. The Mercosur-EU agreement has transve…
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