Brazil’s Lula proposes Mercosur trade deal with China after EU accord

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(Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Wednesday that he favored an agreement between Mercosur and China in a plan to modernize and open the South American trade bloc to other regions. On a visit to Uruguay to dissuade its government from reaching a deal on its own with China, which would undermine the Mercosur customs union, Lula said the long-awaited Mercosur accord with the European Union must be completed urgently. “Let’s intensify the talks and firm up this agreement (with the EU) so that we can then discuss a possible agreement between China and Mercosur and I t…

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