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."
Fernandez has blamed European protectionism for holding up the deal, agreed to in principle in 2019 but not ratified by national parliaments. EU ambassadors have said Brazil must take concrete steps to stop soaring destruction of the Amazon rainforest. For Germany to reduce its reliance on China for minerals it will need to embrace sectors it has shied away from, a German government official said on Friday.
About a dozen business executives - including the heads of Aurubis AG , Europe's largest copper producer, and energy company Wintershall Dea AG Dea - are accompanying the chancellor.
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