Ottawa and Brasilia have announced that trade negotiations for Canada to join the South American trading bloc Mercosur will resume shortly, amid both capitals seeking to diversify away from the United States.
The announcement about the resumption of trade talks was made in a joint Brazil-Canada statement issued by the Brazilian Ministry of Foreign Relations on Aug. 25.
The Mercosur is a customs union and trade bloc comprising the countries of Brazil, Argentina, Uruguay, and Paraguay.
“The resumption of trade negotiations between Canada and Mercosur sends a clear signal of our shared commitment to deepening our mutually beneficial economic ties and unlocking meaningful opportunities for our businesses, workers, and communities on both sides,” says the statement….