Page 181 - MOE ENGLISH PR REPORT - DECEMBER 2024

Meanwhile, progress continues with the UAE’s expected trade deal with the Mercosur bloc, Brazil’s
President Luiz Inácio Lula da Silva told President Sheikh Mohammed bin Zayed in a telephone call on
Monday.
The leaders spoke for around 30 minutes to discuss issues on their bilateral agenda, Brazil’s
presidency said in a statement.

Lula said the Mercosur negotiations for a Cepa with the UAE were progressing and are expected to
be concluded in the coming months.

The Mercosur bloc includes Argentina, Brazil, Paraguay and Uruguay. Bolivia joined in July.

The UAE previously said a Cepa with Mercosur would have a “positive impact” on trade and
investment ties.

https://www.agbi.com/trade/2024/12/uae-celebrates-global-reach-of-cepa-programme/