in Brazil, unions warn of the risk of deindustrialization coming from…Europe

in Brazil, unions warn of the risk of deindustrialization coming from…Europe
in Brazil, unions warn of the risk of deindustrialization coming from…Europe

The free trade agreement planned between the European Union and five Latin American countries is not only making people happy in the continent's leading economic power.

Contrary to what one might think in Europe, the trade agreement between Mercosur (Argentina, Brazil, Uruguay, Paraguay and Bolivia) and the European Union (EU) is also a divisive subject in Brazil. With the intensification of discussions in recent months, dissenting voices are being heard all the more. Brazil's left-wing President Luiz Inacio Lula da Silva hopes the deal will be announced before the end of the year.

Supporters of the deal are growing impatient, seeing it as a golden opportunity to boost growth. Concluded in 2019 after twenty years of negotiations, it was reopened following the policy of deforestation of the Amazon carried out vigorously by the ex-far-right president Jair Bolsonaro, strongly criticized by Europeans, in the lead. . Brazilian supporters of the agreement have been waiting for it with even more impatience since the election of Donald Trump in the United States and the protectionist threats to their exports on the…

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