BRAZIL-MERCOSUR-EU-ECONOMY
President of the European Commission Ursula von der Leyen and Brazil's President Luiz Inacio Lula da Silva shake hands during a press conference after a meeting within the framework of the signing agreement between the European Union and Mercosur at Itamaraty Palace in Rio de Janeiro, Brazil, on January 16, 2026. Mercosur and the European Union will sign an agreement on January 17 in Paraguay that will create one of the largest free trade areas in the world, with the stated aim of seeking a "third way" between the United States and China, but which is causing friction with the European agricultural sector and industrialists in Brazil and Argentina. (Photo by Mauro PIMENTEL / AFP via Getty Images)

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2255970039
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16 January, 2026
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- Agreement,
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- President of Brazil,
- Press Conference,
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- Ursula von der Leyen,
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