The President of Brazil and the President of the European Commission celebrated the EU-Mercosur trade agreement, highlighting the importance of common values and economic partnership.

The President of Brazil, Luiz Inacio Lula da Silva, and the President of the European Commission, Ursula von der Leyen, celebrated the EU-Mercosur trade agreement in Rio de Janeiro, considering it a success for multilateralism and democracy. Lula stated that the agreement is beneficial for the democratic world, while von der Leyen highlighted the power of partnership and economic openness.

The leaders emphasized common values, such as respect for democracy and human rights, and discussed investments in critical raw materials, essential for the digital and ecological transition. Although Lula will not attend the signing ceremony, the agreement must be ratified by the European Parliament, where a close but favorable vote is expected. The complicated geopolitical context in South America adds an additional dimension to this meeting.