IBOV 171,324.31 ▼ 0.43% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL5.65▲ 0.14% USD/MXN18.54▼ 0.32% USD/CLP998.76▲ 0.33% USD/COP3,306▲ 0.82% USD/PEN3.41▲ 0.07% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 2.14% USD/PYG6,185▲ 3.33% USD/BOB11.60▼ 0.28% USD/DOP60.61▲ 1.88% USD/CRC445.25▲ 0.47% USD/GTQ7.65▲ 2.13% USD/HNL26.90▲ 2.13% USD/NIO36.62▲ 1.57% USD/VES909.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 1.00% USD/TTD6.71▲ 1.04% EUR/BRL6.24▲ 0.88% BRENT 95.93 ▲ 0.11% WTI 88.44 ▼ 0.34% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.57% GOLD 3,893 ▲ 0.21% SILVER 49.81 ▼ 0.32% SOY 1,236 ▲ 0.69% CORN 447.50 ▲ 1.13% WHEAT 595.25 ▲ 1.88% COFFEE 274.65 ▼ 1.98% SUGAR 18.29 ▲ 0.38% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.95 ▲ 0.36% COCOA 5,248 ▲ 3.59% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 20.00 ▼ 6.67% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 0.07% USD/MXN 18.58 ▼ 0.12% USD/CLP 998.45 ▲ 0.30% USD/COP 3,307 ▲ 0.84% USD/PEN 3.41 ▲ 0.19% USD/ARS 1,545 ▼ 0.02% USD/UYU 40.52 ▲ 2.14% USD/PYG 6,185 ▲ 2.16% USD/BOB 11.60 ▼ 0.28% USD/DOP 60.60 ▲ 1.86% USD/CRC 445.25 ▲ 0.47% USD/GTQ 7.65 ▲ 2.13% USD/HNL 26.90 ▲ 2.13% USD/NIO 36.62 ▲ 1.57% USD/VES 909.35 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 1.00% USD/TTD 6.71 ▲ 1.04% EUR/BRL 6.25 ▲ 0.93% BRENT 95.93 ▲ 0.11% WTI 88.44 ▼ 0.34% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.57% GOLD 3,893 ▲ 0.21% SILVER 49.81 ▼ 0.32% SOY 1,236 ▲ 0.69% CORN 447.50 ▲ 1.13% WHEAT 595.25 ▲ 1.88% COFFEE 274.65 ▼ 1.98% SUGAR 18.29 ▲ 0.38% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.95 ▲ 0.36% COCOA 5,248 ▲ 3.59% BEEF 218.98 — 0.00% CATTLE 335.85 ▲ 0.97% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 20.00 ▼ 6.67% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
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Friday, November 13, 2026

Brazil Mercosur-EU trade deal

EU’s Borrell arrives in Brazil with MERCOSUR, the Amazon and Venezuela on his agenda

By · · 3 min read

RIO DE JANEIRO, BRAZIL – The plane carrying the head of European diplomacy landed in São Paulo at 4 PM local time. The flight came from Peru where he began his first trip to Latin America since taking office on December 1, 2019.

Borrell’s agenda in Brazil included a single activity in São Paulo, scheduled for yesterday evening, with members of the Eurochambers for a closed door discussion of the economic situation in Brazil, a “strategic partner” of the EU since 2007.

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European Union (EU) High Representative for Foreign Policy Josep Borrell.
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His political agenda will begin on Thursday in Brasilia, where his first engagement will be a working meeting with Foreign Minister Carlos França.

According to diplomatic sources, one of the main points of interest in this meeting will be negotiations to unblock the ratification process of the trade agreement between the EU and MERCOSUR, whose six-month presidency is held by Brazil until the end of this year.

The agreement was announced in 2019, after two decades of discussion, and has since been virtually paralyzed due to concerns in several EU countries over the aggressive policies imposed by the government of Jair Bolsonaro on the development of the Amazon region.

These policies, coupled with increased deforestation and fires in the Amazon, have led France, Austria, the Netherlands, Belgium and Ireland to reconsider their support to the trade agreement with the bloc that also includes Argentina, Uruguay and Paraguay.

Last February, both parties agreed to negotiate an annex to the agreement referring exclusively to strengthening commitments to environmental protection, but a consensus on the drafting of this document has not yet been reached and the impasse persists.

According to diplomatic sources, such a text would help “restore confidence” mainly in Brazil and in the commitments it has made in relation to the preservation of the planet’s largest plant lung, which have been in doubt since Bolsonaro came to power.

VENEZUELA, MIGRATION AND A SHARED CONCERN

Another issue that Borrell will discuss with the Brazilian authorities will be the migratory processes, which are becoming more acute in Latin America and particularly in the case of Venezuela, from where it is estimated that in recent years some 6 million citizens have fled the economic, social and political crisis affecting the country.

According to official data, about 300,000 Venezuelans have migrated to Brazil, which since 2018 launched the so-called “Operação Acolhida” (Operation Reception), which offers them humanitarian aid and facilitates their integration in the country and access to the labor market.

This process is supported by United Nations agencies and the EU itself, which considers it as an “example of solidarity,” as the EU ambassador to Brazil Ignacio Ybáñez, of Spanish origin like Borrell, explained to foreign correspondents.

To underline this common concern for the migratory phenomenon and particularly with the Venezuelan crisis, Borrell scheduled a meeting for Friday with citizens of Venezuela who have settled in Brasilia in order to learn first-hand about their situation.

This issue will also be discussed in a meeting he will hold with Brazilian Defense Minister Walter Braga Netto, whose office is one of the main responsible for Operation Reception.

During his two-day stay in Brasilia, the EU representative also plans to attend an event organized jointly with the UN Women delegation, to discuss gender policies and measures for the “protection of women human rights defenders,” according to diplomatic sources.

For the full picture, see our Mercosur EU Trade Deal: Complete Guide.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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