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Fiat Chrysler, Tupy may lose out if France blocks EU-Brazil trade deal

Ags - Meat/Dairy 204 Brazil 344 Cons. Discr. - Autos 957 Consumer Staples 628 European Union 661 France 141 Materials - Metals/Mining 636 Metals - Aluminum 196 Metals - Steel 438 Trade Deals 908

The French government will reportedly not ratify the EU-Mercosur trade deal due to concerns over the Brazilian government’s climate change and other policies. The slow progress on the deal, initially inked in June 2019, demonstrates the uncertainties in finalizing trade deals with the EU. That may hold lessons for the U.K. and U.S. as they hold negotiations with the bloc. Brazilian exports to the EU are dominated by commodities ranging from metal ores to coffee, though the automotive industry also has significant shipments that could expand if the trade deal is eventually approved. Expor...

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