Brazil and Hungary Advocate Ratification of Mercosur-EU Trade Agreement
RIO DE JANEIRO, BRAZIL – The document sums up the issues discussed by Hungarian Foreign Minister Péter Szijártó during his visit to Brazil on October 7th and 8th.
In Brasília, on October 8th, Szijártó met with Brazilian Foreign Minister Ernesto Araújo, with whom he co-chaired the 5th Brazil-Hungary Joint Economic Commission. Minister Szijjártó was welcomed as a courtesy visit by President Jair Bolsonaro.
Hungary’s economy is one of the most dynamic in Europe, having grown more than the European Union average. In the first half of this year, its growth reached approximately five percent.
The Mercosur-EU agreement was finalized on June 28th, after almost 20 years of negotiations. The document’s text is still undergoing legal review before being taken to the parliaments of all countries comprising the European Union and Mercosur.
According to the document released yesterday, October 9th, Brazil and Hungary believe that the Mercosur-EU agreement is a “tool for generating business and investment opportunities, promoting competitiveness and fostering sustainability”.
There are around 1,000 Hungarian descendants living in Brazil, particularly in São Paulo and the southern states, the statement said.
Source: Agência Brasil
For the full picture, see our Mercosur EU Trade Deal: Complete Guide.
More: Brazil news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief