Ricardo Stuckert / PR (Foto: Ricardo Stuckert)
In a strategic move to strengthen South-South cooperation, President Lula has proposed a significant expansion of the trade agreement between Mercosur and the Southern African Customs Union (SACU). Speaking on the sidelines of the G20, Lula highlighted the immense potential for economic integration between South America and Southern Africa. The proposal aims to reduce tariffs, streamline logistics, and foster industrial partnerships across the Atlantic.
The initiative is seen as a way to diversify trade partners for Mercosur members, reducing reliance on traditional markets in Europe and China. Lula emphasized that the similarities in economic challenges and opportunities between the two regions make them natural partners. The proposed expansion would cover key sectors such as agriculture, renewable energy, and technology transfer, creating a robust economic corridor across the Southern Hemisphere.
Business leaders from both blocs have expressed cautious optimism, noting that while logistics remain a challenge, the political will demonstrated by Brazil could accelerate the process. If successful, this expanded agreement could serve as a model for future transcontinental partnerships among developing nations, reinforcing the autonomy of the Global South in the international trade arena.
Source: https://www.brasil247.com/poder/lula-propoe-ampliar-acordo-comercial-entre-mercosul-e-africa-austral
