German Chancellor Friedrich Merz and Brazilian President Luiz Inácio Lula da Silva reaffirmed their commitment to strengthening cooperation between Europe and Brazil during their meeting in Hanover.
The two leaders welcomed the upcoming entry into force of the free trade agreement between the European Union and Mercosur, scheduled for May 1st. They see it as a strong signal in favor of multilateralism and rules-based international trade.
"We want an economic system with the fewest tariffs possible – ideally none," Merz said, stressing the importance of open economic cooperation.
For his part, Lula presented Brazil as a strategic partner, particularly in the area of natural resources. The country has significant reserves of key raw materials, including niobium, graphite, rare earth elements, and nickel, which are essential for the technology and energy industries.
The Brazilian president also stressed that the country's mining potential remained largely untapped, paving the way for future economic collaborations with Europe.
This meeting comes at a time of reshaping global economic alliances, where access to resources and securing supply chains are becoming major issues for the great powers.
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