According to O Globo newspaper, the expected free trade agreement between Mercosur and the European Union should be signed in July this year. The main technical points have already been closed and pending discussions include rules on drug patents and the release for the entry of European wines. Brazil would have signaled an opening in the automobile market but faces resistance to expand the advantages in agribusiness.
The Europeans want a greater opening of the Brazilian automobile market. The members of the European Union want to increase their exports in this sector. In return, they promise to consider greater access to products such as ethanol, sugar, meats and other agricultural goods, where Brazil dominates.
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