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Brazil's President Luiz Inacio Lula da Silva, hight, and German Chancellor Olaf Scholz, after a press conference at Planalto Palace, in Brasilia, Brazil, Jan. 30, 2023.

Video. Explained: Why the EU-Mercosur trade deal could be ratified this year

Updated: 1 February 2023 - 19:31 GMT+1

Negotiations between the two blocs — Mercosur includes Brazil, Argentina, Uruguay and Paraguay — started in 2000 and were concluded in June 2019.

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