Latest news with #BrazilGovernment
Yahoo
01-07-2025
- Business
- Yahoo
Mercosur and EFTA blocs seal free-trade agreement, CNN Brasil reports
SAO PAULO (Reuters) -South American bloc Mercosur has concluded talks for a free-trade agreement with a group of four European nations known as EFTA, CNN Brasil reported on Tuesday, citing officials from the Brazilian government. An announcement is set to be made later this week during a Mercosur summit. The bloc includes South America's two largest economies, Brazil and Argentina, as well as Uruguay, Paraguay and Bolivia. Reuters reported last year, citing sources, that an agreement with the European Free Trade Association (EFTA) group of four non-EU nations - Norway, Iceland, Switzerland and Liechtenstein - was among the most likely to be signed by Mercosur this year. EFTA and Argentina, which current holds the Mercosur presidency, did not immediately respond to requests for comment outside normal business hours. Sign in to access your portfolio
CNA
14-06-2025
- Business
- CNA
Vietnam admitted as BRICS 'partner country', Brazil says
SAO PAULO: Vietnam has been formally admitted as a "partner country" of the BRICS group of major emerging economies, Brazil's government said on Friday (Jun 13), as the bloc presses ahead with an expansion push. Vietnam is the tenth nation to receive this status, which allows invited countries to participate in BRICS summits and other discussion sessions. Vietnam had expressed earlier this year it was ready to discuss a partnership with BRICS, whose original members were Brazil, Russia, India and China. "The government of Brazil welcomes the decision of the Vietnamese government," said the South American country, which holds the bloc's presidency in 2025. "Vietnam stands out as a relevant actor in Asia. Its efforts in favor of South-South cooperation and sustainable development reinforce its convergence with the interests of the group," it added. Founded in 2009 and soon expanded to add South Africa, the group has recently also included Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates, making it a growing diplomatic counterweight to traditional Western powers.
