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Lula Says that Agreement Between Korea and Mercosul Can Still Go Out This Year

Summary by Observador
South Korea and Brazil have announced agreements in various sectors and the Brazilian President has also defended the continuation of negotiations for a trade agreement between South Korea and Mercosul.

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South Korea and Brazil have announced agreements in various sectors and the Brazilian President has also defended the continuation of negotiations for a trade agreement between South Korea and Mercosul.

·Portugal
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President Lee Jae-myung held a summit with Brazilian President Luiz Inácio Lula da Silva on the 23rd and agreed to expand economic cooperation between the two countries. To this end, they agreed on the essential importance of concluding a trade agreement between South Korea and the South American Common Market (MERCOSUR). MERCOSUR is South America's largest economic bloc, comprised of Brazil, Argentina, Paraguay, and Uruguay. Negotiations for th…

President Luiz In cio Lula da Silva (PT) said that the trade agreement between Mercosul and South Korea could still be concluded this year. The statement of the event ap s o o der sul-Koreano, Lee Jae-Myung, states that, after meeting Lula, the Rio mandates agreed that the trades are between the small econ block and the like should be resumed after the round end, which took place in 2021. Read more (02/23/2026)

·São Paulo, Brazil
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In an agenda in South Korea that aims to stretch strategic links with the Asian country, the President of the Republic, Luiz Inácio Lula da Silva (PT), said that his South Korean counterpart Lee Jae Myung, “has shown a lot of interest” in moving forward in accordance with Mercosul. Lula said that the time is to “mount commissions to start the debate” and believes that “if everything is right this year” and that “if it is true this year”. Read Mo…

·Brazil
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After meeting Lula, President of South Korea wants to resume business with Mercosul

·Brazil
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UOL broke the news in Brazil on Monday, February 23, 2026.
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