Brazil and the EU share a long-standing relationship based on strong cultural and historical ties. This partnership covers a range of issues including climate change and sustainable energy. In 2007, the EU recognised Brazil as one of its key global partners through the establishment of the formal EU-Brazil Strategic Partnership which covers a range of issues including climate change, sustainable energy, the fight against poverty, the Mercosur integration process, stability and prosperity in Latam.
Brazil integrate the EU Mercosur Association Agreement, recently agreed upon and which aims to create a free trade area between the blocks. As the largest economy in Latam and the world’s 9th largest in terms of GDP, the EU and Brazil are major global emitters and share a common responsibility in meeting the Paris objectives.