Brazilian President Luiz Inácio Lula da Silva is a strong proponent of the free trade agreement with the European Union, highlighting the benefits it could bring to South America, including increased markets for Brazilian chicken and meat, as well as Argentine soy and corn. There is also interest in European wines and cheeses. The long-awaited ratification of the deal is crucial for the Mercosur bloc, which includes Bolivia, Argentina, Uruguay, Paraguay, and Brazil, especially amid shifting political landscapes, such as the uncertain stance of Argentina’s far-right President Javier Milei.

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