Key facts
- South Korean President Lee Jae Myung and Brazilian President Luiz Inacio Lula da Silva met to discuss bilateral relations.
- The leaders agreed to enhance cooperation between South Korea and Brazil.
- They also agreed to resume trade talks for a Korea-Mercosur Free Trade Agreement.
South Korean President Lee Jae Myung and Brazilian President Luiz Inacio Lula da Silva have agreed to strengthen cooperation between their countries and to restart negotiations for a Free Trade Agreement between South Korea and Mercosur. This agreement signals a renewed effort to deepen economic ties and facilitate trade between the two regions. The resumption of FTA talks is expected to address potential concerns and unlock new trade opportunities within South America.