Brazilian President Lula da Silva and European Commission President Ursula von der Leyen celebrate the expected signing of a free trade agreement between the EU and Mercosur. This marks the first major trade deal for Mercosur, which includes Brazil, Argentina, Paraguay and Uruguay. Bolivia, the newest Mercosur member, was not involved in negotiations but can join the agreement in the coming years. The signing is set for Saturday in Paraguay, but Lula will not attend. Instead, Brazil's Foreign Minister Mauro Vieira will represent him. Experts suggest Lula's absence may reflect disappointment over the deal's delay. The agreement creates one of the world's largest free trade areas, benefiting over 700 million people and boosting agricultural exports.
