Brazil looks to leave Mercosur
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Brazil looks to leave Mercosur

The president of the Brazilian Senate has proposed ending South America’s Mercosur customs union so that Brazil can sign bilateral trade agreements without having approval of the group’s other members.

Senator Renan Calheiros’ proposal is part of the so-called “Brazil Agenda” that was handed to Finance Minister Joaquim Levy earlier this week.

See also:

South American leaders meet in Caracas for Mercosur summit

Bolivia joins 48th Mercosur summit, as EU deal remains pending

The Brazil Agenda consists of almost 30 measures to combat inflation and help the resumption of economic growth.

Mercosur is formed by Brazil, Argentina, Uruguay, Paraguay and Venezuela.

Associated Press