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Brazil official says EU-Mercosur trade pact still under review

FILE PHOTO: European Union flags flutter outside the European Commission headquarters, in Brussels, Belgium June 30, 2019. REUTERS/Yves Herman

SAO PAULO (Reuters) - Brazilian Deputy Economy Minister for Foreign Trade Marcos Troyjo said on Tuesday that a proposed agreement between the Mercosur trade bloc and the European Union is being revised by lawyers, a process that may take 6-to-7 months to finalize.

After the terms are revised domestically by the participating countries, the agreement will need to be approved by the parliaments of both trade blocks’s member countries, Troyjo said in response to a moderator’s question during a meat industry conference in São Paulo.

(This story corrects to change headline to say “Brazil official”; corrects Troyjo’s title in paragraph 1 and spelling of his name in paragraph 2)

Reporting By Ana Mano; Editing by Chizu Nomiyama

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