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Lula threatens to walk away from EU-Mercosur trade deal

Warning comes after Italy and France pushed to delay vote on landmark agreement with South American nations

Brazilian president Luiz Inácio Lula da Silva has threatened to walk away from a blockbuster trade deal with the EU after key countries asked Brussels to delay a vote to approve the agreement.

France and Italy have asked to postpone a vote planned for this week that would allow the EU to sign the pact with the Mercosur trade bloc of South American countries on Saturday, demanding extra guarantees to protect European agriculture.

“I already warned them: if we don’t do it now, Brazil won’t make any more deals while I’m president,” Lula told a ministerial meeting on Wednesday.

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