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CNI President Ricardo Alban and Vice President Geraldo Alckmin met on November 4 in Brasília to discuss trade agreements, including the Mercosur-EU agreement and strategies for attracting datacenters through the Redata tax regime. Brazil recorded exports of nearly $349 billion last year, highlighting the importance of market diversification.

The Mercosur-EU agreement faces a legal review by the European Parliament, potentially delaying implementation by 10 to 12 months. Alban invited Alckmin to the Brazil-U.S. Industry Day on May 11 in New York to foster U.S.-Brazil commercial relations.