MERCOSUR TRADE TALKS

Brazil announces Japan-Mercosur free trade talks

Japan and Mercosur are set to negotiate a free-trade agreement, Brasília and Tokyo announces.

European Commissioner for Trade and Economic Security Maros Sefcovic (kleft) and Paraguay's Foreign Minister Rubén Ramírez Lezcano pose for pictures after signing documents as several regional leaders watch on during the signing ceremony of the trade agreement between the European Union and Mercosur, at the Gran Teatro José Asunción Flores of Paraguay's Central Bank in Asuncion on January 17, 2026. Foto: AFP/Luis Robayo
18 June 2026

Japan and Mercosur are set to negotiate a free-trade agreement, Brasília and Tokyo announced in a joint statement released by Brazil's Foreign Ministry Tuesday.

The announcement followed a meeting between Brazilian President Luiz Inácio Lula da Silva and Japanese Prime Minister Sanae Takaichi at the G7 summit in France.

Lula's government has advocated free trade between the South American bloc – made up of Argentina, Brazil, Paraguay and Uruguay – and external partners such as the European Union, which struck a deal with Mercosur in January.

"Based on the shared will of all parties, the two leaders announced the launch of negotiations on the Economic Partnership Agreement between Mercosur and Japan," the joint statement read.

Talks will begin at the Mercosur summit in Paraguay later this month.

Lula said he was "very pleased" at the prospect of a deal with Japan during his meeting with conservative Takaichi.

"I hope that at the next Mercosur meeting on June 30 we'll have good news," he added.

US President Donald Trump has been threatening to slap tariffs on export-dependent Brazil since last year.

 

– TIMES/AFP

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