During the G7 Summit in Belfast, Brazilian President Luiz Inácio Lula da Silva met with Japanese Prime Minister Sanae Takaichi to negotiate a Mercosur-Japan trade agreement.

Regarding these negotiations, the joint statement notes that “the two leaders announced the launch of negotiations for the Economic Partnership Agreement between Mercosur and Japan.”

Further announcements on a free trade agreement are expected during the bloc’s next summit in La Asunción on June 30.

Mercosur y Japón impulsan el intercambio comercial
La iniciativa apunta a consolidar las relaciones económicas entre ambas partes, ampliar el acceso a los mercados y avanzar en una agenda de cooperación de largo plazohttps://t.co/jRe6McmH77 pic.twitter.com/m5tq6402nj

— Radio Mercosur (@RadioMercosur) June 16, 2026

M.Pino

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Brazilian President Luiz Inácio Lula da Silva stated on Monday, July 7, in Rio de Janeiro, during the BRICS summit, that the US dollar’s hegemony will disappear.

Lula asserted that “the US dollar will cease to be the reference currency in international trade, and advocated for a gradual replacement by local currencies.”

According to the Brazilian president, this hegemony will gradually end until it is consolidated. He added that each country’s Central Bank must organize this process.

He stated: “The world needs to find a way to ensure that our trade relationship does not have to be based on the dollar.” According to the president, no one has established the US dollar as the standard currency for international trade.

M.Pino

Source: actualidad.rt

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