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Brazil’s Lula says EU and Mercosur will make history with signing of trade agreement

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SAO PAULO, ​Jan 16 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on ⁠Friday said the European Union and the South American ‍bloc Mercosur are about to make ​history with the signing of a free trade agreement over the ​weekend, ending 25 years of negotiations between them.

Speaking to reporters next to the European Commission Chief Ursula von ‌der Leyen in Rio de ‌Janeiro, Lula said the deal will bring ​more opportunities for both sides, along with more trade ‌and investments.

Top EU officials will travel ⁠to Paraguay on Saturday to ‌sign the ​agreement with Mercosur, paving the way for the EU's largest ever ⁠trade accord. ⁠Lula is not expected to ​attend the ceremony.

(Reporting by Fernando Cardoso; Editing ‌by Chris Reese)

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