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Published by Global Banking & Finance Review®
Posted on March 4, 2026
1 min read
Last updated: March 4, 2026
Brazil Congress Passes EU-Mercosur Free Trade Deal After Senate Approval
Overview of the EU-Mercosur Free Trade Agreement Approval
Final Approval by Brazilian Lawmakers
BRASILIA/SAO PAULO, March 4 (Reuters) – Brazilian lawmakers have finalized their approval of a free trade agreement between the South American economic bloc Mercosur and the European Union, following a favorable Senate vote on Wednesday.
Requirements for the Trade Agreement to Take Effect
Role of Mercosur Member Legislatures
The collective approval by the legislatures of Mercosur’s members – Argentina, Brazil, Paraguay and Uruguay – is a necessary step for the trade agreement to take effect following more than two decades of negotiations.
Status of Approval in Member Countries
Brazil, Argentina, and Uruguay
Brazil’s lower house of Congress signed off last week, and lawmakers in Argentina and Uruguay also approved the deal.
Paraguay’s Pending Vote
In Paraguay, the agreement still has to be voted on in the lower house of Congress.
Reporting and Editing Credits
(Reporting by Maria Carolina Marcello in Brasilia and Andre Romani in Sao Paulo; additional reporting by Daniela Desantis in Asuncion, Editing by Daina Beth Solomon)