Forget Mercosur, sign trade accord with EU says Brazil Industry
A leading number of Brazilian businessmen belonging to the country’s powerful National Confederation of Industry, CNI, said it was time to sign a bilateral agreement with the European Union, --which would leave out Mercosur--, according to press reports in O Estado de Sao Paulo. CNI president Armando Montero Neto said Brazil must adopt a more “ambitious” position regarding trade agreements with the European Union. This week Rio do Janeiro hosted the two day EU/Brazil summit where it was agreed that both parties must speak “with one voice” in the coming Group of 20 major economies meeting on April in London. “Mercosur has become partly paralyzed and the feeling is that Brazil is shackled with limited movements; Brazil must reach bilateral agreements, Mercosur’s time is up, long overdue”, said Luiz Furlan president of the Sao Paulo based food group Sadia in an interview with O Estado de Sao Paulo.
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