Mercosur-UAE Trade Agreement Anticipates 2025 Conclusion

Brazilian Foreign Minister Mauro Vieira stated with optimism on Tuesday that the trade agreement between the Mercosur bloc and the United Arab Emirates is expected to be finalized by the end of 2025. This aligns with the timeline before Brazil wraps up its presidency of the South American trade bloc.

The negotiations, which commenced in 2024, are centered around eliminating or reducing customs tariffs. The initiative also aims to facilitate increased investments and services between Mercosur countries, including Brazil, Argentina, Paraguay, and Uruguay, and the United Arab Emirates.

The agreement represents significant economic potential, promising to strengthen ties between the two regions. As efforts continue to finalize the deal, both parties remain hopeful for a mutually beneficial outcome that bolsters financial exchanges and bilateral cooperation.