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AFP
The uncertainty caused by Brexit and Donald Trump’s election will help spur talks on a long-stalled free trade accord between the EU and South American trade block Mercosur, Brazil’s foreign minister said Wednesday.
“I think the possibilities of the Mercosur negotiations have a direct relationship with international insecurity,” Jose Serra told a news conference in Madrid when asked about what impact Trump’s win could have on the EU-Mercosur free trade talks.
Britain’s vote to leave the EU and Trump’s victory “could hurt the European Union. But on the other hand it serves as a stimulus, an incentive for an agreement with the European Union,” he added. “Insecurity strengthens the chances of the European Union and Mercosur drawing closer. This is an important point.”
The European Union and the Mercosur bloc led by Brazil launched trade negotiations in 1999.