Chile’s Senate approves free trade agreement with Brazil

Chile’s Senate approved a free trade agreement with Brazil, cementing the country’s long-standing relationship with its top trade partner in Latin America. The agreement, which builds on rules facilitating commerce already in effect between Chile and Mercosur bloc nations Brazil, Argentina, Paraguay and Uruguay, is likely to boost thriving trade between the two nations. As both countries have been greatly impacted by COVID-19, this agreement will help regulate and boost trade in several key areas.

Source: Reuters