EU-Mercosur agreement could boost Brazil’s GDP by 1.5% by 2035, says World Bank

The free trade agreement between Mercosur and the European Union (EU) could increase Brazil’s gross domestic product (GDP) by 1.5% in 2035, according to a World Bank study nearing completion. In addition to boosting trade and economic activity, the deal is expected to enhance the competitiveness of Brazilian companies—especially in the manufacturing sector, Valor reported.