BUENOS AIRES, Jan 29 — German Chancellor Olaf Scholz travels to Chile today, part of a Latin America tour that also includes Argentina and Brazil, where Berlin and the EU are seeking a reset following the election of Luiz Inacio Lula da Silva.
“We agree to deepen bilateral trade relations and for this the EU-Mercosur agreement is of special importance,” Scholz told reporters after the meeting. “Our goal is to reach a quick conclusion.” The visit comes as German business seeks new opportunities overseas following the economic shock caused by Russia’s invasion of Ukraine, and as concerns grow about a heavy reliance on China.
This week however, Lula signalled a renewed focus on finalising the accord, saying it was “urgent and extremely important” to reach agreement. Germany, along with the fund’s biggest donor Norway, had halted payments after deforestation surged under climate-sceptic Bolsonaro.
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