Brazil keen to open trade talks with UK

Joe Leahy – The Financial Times, 07/22/2016

Brazil will push for immediate trade talks with the UK under the auspices of South America’s trading bloc, Mercosur, once Britain’s new foreign secretary Boris Johnson has settled into the job, Brazil’s foreign minister José Serra said.

While Brazil took no position on Brexit — Britain’s vote to leave the EU last month — Mr Serra said Latin America’s largest economy was keen to supplement existing free trade talks between Mercosur and the EU with similar negotiations with the UK.

Mercosur rules require Brazil and the bloc’s other members — Argentina, Uruguay, Venezuela and Paraguay — to jointly negotiate any trade deals with external entities.

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