Brazil’s rising prosperity has led it to consider pushing for its own free trade deal with the EU, after years of struggling to reach one alongside its neighbours.
Latin America’s largest economy has been trying to forge an EU agreement since 1999, in conjunction with the four other members of Mercosur, the world’s fourth-biggest trade bloc. The other members are Argentina, Venezuela, Paraguay and Uruguay.
The move has become urgent for Brazil, however, because it has been reclassified as an upper-middle income country, meaning it loses EU trade preferences next year. The only way to regain them is with a trade deal.
您已阅读35%（622字），剩余65%（1159字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。