Mercosur: EU hopes for new momentum after Lula election victory

The election victory of former President Luiz Ignacio Lula da Silva in Brazil has raised hopes for a revival of the EU trade agreement with the Mercosur countries. German Chancellor Olaf Scholz wrote on Twitter that he looked forward to working closely with the left-leaning politician „especially on issues of trade and climate protection„. Czech Economy Minister Jozef Síkela said at the informal EU Trade Council in Prague that the change of government in Brazil could give new impetus to negotiations between the EU and Mercosur.