Merz & Lula Push for EU-Brazil Trade

0:00On April 19th, German Chancellor Friedrich Merz and Brazilian President Louise Inachil Lula da Silva kick things off at the Hanover Industrial Fair by, pushing for tighter bonds between Brazil and the European Union. Brazil, South America's biggest economy, is this year's star partner at the world's largest industrial trade show. They both celebrated the EU-Mercocer free trade deal kicking in on May 1st. Lula stressed sticking to a multilateral system with rules-based trade and as few tariffs as possible, ideally zero. Lula highlighted Brazil as a steady supplier of raw materials, calling it a key player in global supply chains. Lula made it clear those resources should fuel Brazil's own growth, pushing for more tech transfers and local processing plants to boost jobs and development. They're set to dive deeper into talks on artificial intelligence, critical minerals, and data centers. German Brazilian government consultations are lined up for Monday. This moves signals a fresh chapter in trans-Atlantic trade, setting the stage for smoother

1:03flows of goods, tech, and investment across the Atlantic. That's the story for today, Global News Today, Driven by AI, I'm Corey with The Story.