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Reuters
Reuters
Business
By Sarah Marsh and Nicolás Misculin

Scholz urges swift EU-Mercosur free trade deal on first South America trip

FILE PHOTO: German Chancellor Olaf Scholz addresses the lower house of parliament Bundestag in Berlin, Germany January 25, 2023. REUTERS/Fabrizio Bensch

German Chancellor Olaf Scholz on Saturday urged a swift conclusion to talks on a free trade deal between the European Union and the Mercosur South American trade bloc, on the first stop in Buenos Aires of his inaugural tour of the region.

Seeking to reduce Germany's economic reliance on China, diversify its trade and strengthen relations with democracies worldwide, Scholz is visiting Argentina, Chile and Brazil, all led by fellow leftists who came to power in the region's new "pink tide."

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