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If everything goes as planned, the Mercosur-European Union agreement will begin to take effect in May, following the Brazilian government’s ratification of the free trade agreement this month.
Brazil’s foreign trade minister has stressed that it is crucial that Brazil completes its domestic ratification procedures in March and informs the Europeans of its decision. In turn, if the European side also notifies Mercosur in the same month, the trade deal could take effect in May.