Deepening ties with Brazil in trade, investment, research and science
At the 6th EU-Brazil Summit the leaders agreed to set-up a joint committee that will help to further exploit the potential of bilateral trade and investment between Brazil and the EU. They also reaffirmed their commitment to deepen trade ties with the entire Mercosur common market.
In his statement following the summit, President Barroso said that one of the most important results of the discussions is the renewed shared commitment to conclude an Association Agreement between the EU and Mercosur (a Common Market shared by Brazil, Argentina, Uruguay, Paraguay and Venezuela) - an agreement that will be "comprehensive, balanced and ambitious," he said.
A concrete decision taken at the summit is an agreement to create an ad-hoc bilateral committee to evaluate the potential of economic relations between the EU and Brazil, particularly in terms of investment. "It is a pragmatic way of seeing what we can do more to further strengthen the economic relationship already exists between Brazil and the European Union," said President Barroso.
On the same day, an agreement between the European Joint Research Centre and the Brazilian Ministry of Science, Technology and Innovation was signed that will allow for greater cooperation in many scientific areas, for example in disaster prevention and sustainable management. It also includes a hosting programme for about 100 post-doctoral and senior researchers from Brazil which aims to reinforce an already "very well working" system of mobility of students and researchers between Brazil and the EU.