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Canada, Mercosur Push for Trade Deal

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Canada and Mercosur Bloc Accelerate Free Trade Agreement Negotiations

Canada and the South American Mercosur bloc are rapidly advancing towards a free trade agreement, with negotiations set to resume in Brasilia next month. The deal could be signed by the end of the year, with Canada aiming for September or October, or latest by 2026. Canadian Prime Minister Mark Carney plans a visit to Brazil to expedite the process. Canada seeks to reduce its dependence on US trade amid tariff concerns from President Trump, while Mercosur nations like Argentina, Brazil, Paraguay, and Uruguay aim to access a large developed market for beef, soy, and minerals. Ontario trade officials have been building support and discussing mining and tech in Argentina, Uruguay, and Brazil. The recent Mercosur-EU trade deal further boosts the momentum, promising stronger ties across the Americas.

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Canada, Mercosur Push for Trade Deal

Global News Today | 2 Min News | The Daily News Now!

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Global News Today | 2 Min News | The Daily News Now!Canada, Mercosur Push for Trade Deal. Machine-transcribed; use the interactive transcript above to jump the player to any line.

On March 27, Canada and South America's Merkel-Sour Block are pushing ahead with a free-trade agreement that could be signed by the end of this year. The next round of negotiations is set for next month in Brazil. Officials from Canada, Argentina, and Brazil say talks are moving fast. They expected deal possibly by September or October or at the latest in 2026. Canadian Prime Minister Mark Carney plans a visit to Brazil in the coming quarter to help speed things up. Canada wants to cut its heavy reliance on U.S. trade amid terrif worries from President Donald Trump. About 80% of Ontario's trade is with the United States right now. From Merkel's seer nations like Argentina, Brazil, Paraguay, and Uruguay, the pact opens doors for beef, soy, and minerals in a big developed market. Ontario trade officials visited Argentina and Uruguay in March and Brazil late last year. To build support and talk mining in tech. They called the Trump acceleration effect, urging quicker diversification.

Merkel's seer's recent trade deal with the European Union, provisionally starting May 1st, adds to the buzz, as these talks gain steam, both sides stand again from stronger ties across the Americas. From around the world, powered by AI, this is Global News today. I'm Corey with The Story.

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