EU-Mercosur Trade Agreement Activated at Hanover Fair

German Chancellor Friedrich Merz and Brazilian President Lula opened Hanover fair on Sunday, welcoming May 1 EU-Mercosur trade agreement activation.
Merz advocated rules-based system to facilitate EU-Brazil cooperation with minimal tariffs.
Lula noted Brazil has 30% of mineral potential mapped, with largest niobium reserves and significant graphite, rare earths, nickel deposits.
Lula called for greater tech transfer and processing capacity in Brazil.
German-Brazilian consultations scheduled for Monday on AI, data centers, critical minerals.

Trade | Minerals | Cooperation

Germany | Brazil

Friedrich Merz | Luiz Inacio Lula

1 day ago