Mercosul Open to Trade Agreement with BRICS, Says Paraguayan President

Source: Brasil 247 | Original Published At: 2026-01-18 05:34:58 UTC

Key Points

• Mercosul signals openness to a free trade agreement with BRICS following its EU deal.
• Paraguayan President Santiago Peña states 'absolutely' to Mercosul-BRICS negotiations.
• Mercosul aims to diversify partnerships with UAE, Japan, South Korea, Indonesia, and Vietnam.
• Strategic shift emphasizes multilateralism amid global economic uncertainty.
• Potential BRICS agreement could boost market diversification and investment opportunities.