- Brazilian President Jair Bolsonaro said on Sunday that it could take up to three years for the free-trade deal agreed by the European Union and South American bloc Mercosur to come into force, as it depends on approvals by lawmakers of all countries involved.
On Friday, EU and Mercosur concluded two decades of talks, committing to more open markets in the face of a rising tide of protectionism. “ comes into force in one or three years, depending on the parliaments...Maybe ours will be one of the first to approve, I hope,” he told journalists when arriving in Brasilia.
Since he took office on Jan. 1, his government has been struggling to get Congress to pass a bill to overhaul of Brazil’s social security system, shore up public finance and stimulate investment and economic growth.
A LOT of things will have to change in Brazil before this thing 'comes into force'
Nope Dismissed
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