Brazil and South Korea launch working group to accelerate Mercosur trade deal

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

• [● 3 SOURCES] Brazil seeks to diversify trade amid new U.S. tariffs on its products. (new)
• [● 3 SOURCES] Memoranda of understanding were signed covering critical minerals, aerospace, energy, education, sport and other sectors. (new)
• [● 3 SOURCES] The leaders agreed to create a joint working group to accelerate Mercosur‑South Korea free‑trade negotiations, coordinated by Vice‑President Geraldo Alckmin. (new)
• [● 3 SOURCES] President Luiz Inácio Lula da Silva received South Korean President Lee Jae‑myung in Brasília on 27 July 2026. (new)
• [● 3 SOURCES] South Korea will send a sanitary mission next month to assess Brazilian meat‑packing plants and open its market to Brazilian beef. (new)
• [● 3 SOURCES] Trade between Brazil and South Korea totaled about US $10.8‑11 billion in 2025. (new)
• [● 3 SOURCES] Brazil hosts the largest Korean diaspora in Latin America, over 50,000 people in São Paulo. (new)
• [● 3 SOURCES] Cooperation will cover the entire supply chain of critical minerals, from extraction to processing. (new)