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Lula Will Discuss Expanding the Mercosur Fund in Paraguay.
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Brazilian President Luiz Inácio Lula da Silva (PT) will announce an increase in Brazilian investment in FOCEM (Mercosur Structural Convergence Fund) at the Mercosur summit, held on June 30 in Asunción, Paraguay. Currently, Brazil is responsible for 70% of the fund, equivalent to US$70 million. Furthermore, the summit is expected to formally launch negotiations for an agreement with Japan – a topic that was discussed in the bilateral meeting betw…
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