Brazilian scholar argues Trump victory likely sped up EU-Mercosur trade deal

(6 Dec 2024)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
ARCHIVE: Itaituba, Brazil – 31 August 2021
1. Various aerial shot of deforested and burnt vegetation ++MUTE++

ASSOCIATED PRESS
Sao Paulo, Brazil – 06 December 2024
2. SOUNDBITE (Portuguese) Pedro Brites, Professor at Getúlio Vargas Foundation (FGV):
“There will continue to be this pressure to expand the agricultural frontier and I think it will be difficult for this to be resolved in the short term. In fact, perhaps for the countries in Europe that have some resistance to accession, such as France, perhaps continuing to play on this pressure on the environmental issue is a mechanism to generate some level of pressure, although we know that it is a fact that most European countries want an agreement, it will be more difficult for these countries to resist, as is the case with France, for the agreement to be implemented.”

ASSOCIATED PRESS
ARCHIVE: Rio Branco, Brazil – 22 May 2023
3. Various of cattle on a pasture

ASSOCIATED PRESS
Sao Paulo, Brazil – 06 December 2024
4. SOUNDBITE (Portuguese) Pedro Brites, Professor at Getúlio Vargas Foundation (FGV):
“Especially those sectors that are already Brazil’s traditional export sectors are going to gain new momentum, especially when we’re talking about the meat and grain sectors. These are sectors that should be able to advance their exports to Europe. This, of course, provides a significant economic gain. There are calculations, for example, from IPEA (Institute of Applied Economic Research) and the FGV itself, around one, one and a half percent of GDP for the next 15 to 20 years.”

ASSOCIATED PRESS
ARCHIVE: Paragominas, Brazil – 31 May 2023
5. Aerial shot of a corn field ++MUTE++

ASSOCIATED PRESS
ARCHIVE: Rio Branco, Brazil – 24 May 2023
6. Various of corn seeds falling

ASSOCIATED PRESS
Sao Paulo, Brazil – 06 December 2024
7. SOUNDBITE (Portuguese) Pedro Brites, Professor at Getúlio Vargas Foundation (FGV):
“It was already imagined that with (Donald) Trump’s eventual victory, the United States would adopt a more self-centred policy and close itself off to international markets. I think this has stimulated both the European countries to give this impetus and Mercosur itself, to cut some corners and close the deal.”

ASSOCIATED PRESS
ARCHIVE: Rio Branco, Brazil – 24 May 2023
8. Various of farm worker in a silo handling soy beans
STORYLINE:
The European Union and the Mercosur group of Latin American countries have agreed to terms for a long-anticipated free trade deal, European Commission President Ursula von der Leyen announced Friday in Uruguay’s capital of Montevideo.

The EU-Mercosur deal aims to create one of the largest free trade zones in the world, covering over 700 million people and nearly 25% of global GDP.

Pedro Brites, a Professor at Brazil’s Getúlio Vargas Foundation, provided an insight on the implications of the international trade agreement between the two blocs.

“Especially those sectors that are already Brazil’s traditional export sectors are going to gain new momentum, especially when we’re talking about the meat and grain sectors. These are sectors that should be able to advance their exports to Europe. This, of course, provides a significant economic gain." said Brites.

Mercosur comprises Brazil — the lion’s share of the bloc’s territory, economic output and population — along with Argentina, Paraguay, Uruguay and Bolivia, the newest member.

The deal is not the end of the story for the Europeans.

Brites highlighted ongoing challenges in reconciling agricultural expansion in Brazil with environmental sustainability.

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