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       T R O U B L E D   C O M P A N Y   R E P O R T E R

                 L A T I N   A M E R I C A

          Wednesday, September 10, 2025, Vol. 26, No. 181

                           Headlines



A R G E N T I N A

ARGENTINA: Milei Shifts Course with Treasury Intervention


B R A Z I L

BRAZIL: Ceara State to Advance Fiscal Reform with $80MM IDB Loan
BRAZIL: Lula Announces $2.2BB Debt Relief Package for Farmers


C A Y M A N   I S L A N D S

AIRNET TECH: Transforms with Name Change, Strategic Restructuring


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Promipyme Injects RD$53MM Into Small Firms


J A M A I C A

JAMAICA: BOJ Accepts 145 Bids for $19BB Certificate of Deposit


M E X I C O

POINSETTIA FINANCE: Moody's Reviews B3 on $530MM Notes for Upgrade


X X X X X X X X

LATIN AMERICA: EU Pushes Ahead with Bid to Ratify Free-Trade Deal

                           - - - - -


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A R G E N T I N A
=================

ARGENTINA: Milei Shifts Course with Treasury Intervention
---------------------------------------------------------
Buenos Aires Times reports that President Javier Milei's government
shifted course, disclosing Treasury intervention in the currency
market to slow the peso's accelerated slide.

The move represents a break from the administration's hands-off
exchange rate policy, according to Buenos Aires Times.  It comes
just days before legislative elections in Buenos Aires Province --
Argentina's largest district and a Peronist stronghold, the report
notes.

The intervention also follows a scandal over alleged bribes
implicating Presidential Chief-of-Staff Karina Milei, the head of
state's sister and closest confidant, the report relays.

Heavy demand for dollars has driven the exchange rate close to the
ceiling of the official band -- 1,467 pesos per US dollar -- the
point at which the Central Bank is allowed to intervene, the report
discloses.

The Milei administration's policy of raising benchmark interest
rates has not curbed the rush to offload pesos and seek refuge in
the dollar amid a heightened climate of uncertainty, fueled by the
approach of the nationwide midterm elections on October 26, the
report says.

The currency turbulence coincides with a judicial investigation
into alleged corruption and the overpricing of medicines at the
ANDIS national disability agency, a case in which Karina Milei has
been implicated, the report notes.

Exchange rate fluctuations remain a highly sensitive issue for
Argentines looking to protect their savings through foreign
currency, the report relays.  The government is determined to
prevent a weakening peso from fueling inflation, the report
discloses.

Controlling inflation has been one of Milei's central goals since
taking office. Consumer prices have risen 17.3 percent so far this
year, compared with 87 percent over the same period in 2024, the
report notes.

Finance Secretary Pablo Quirno said in a post on the X social
network that the Treasury's intervention in the free exchange
market is "contributing to its liquidity and normal functioning,"
the report relays.

After nearly reaching 1,400 pesos per dollar, the peso strengthened
to 1,375 following the announcement, a gain of nearly one percent,
the report adds.

                       About Argentina

Argentina is a country located mostly in the southern half of
South America. Its capital is Buenos Aires. Javier Milei is the
current president of Argentina after winning the November 19,
2023 general election. He succeeded Alberto Angel Fernandez
in the position.

Argentina has the third largest economy in Latin America.  The
country's economy is an upper middle-income economy for fiscal
year 2019, according to the World Bank.  Historically, however,
its economic performance has been very uneven, with high economic
growth alternating with severe recessions, income maldistribution
and in the recent decades, increasing poverty.

In March 2022, the International Monetary Fund (IMF) approved a
30-month arrangement under an Extended Fund Facility for Argentina
in the amount of SDR 31.914 billion (equivalent to US$44 billion,
or 1000 percent of quota) -- with an approved immediate
disbursement of an equivalent of US$9.65 billion.  Argentina's
IMF-supported program sought to improve public finances and start
to reduce persistent high inflation through a multi-pronged
strategy.

On April 11, 2025, the IMF further approved a 48-month Extended
Fund Facility (EFF) arrangement for Argentina totaling US$20
billion (or 479 percent of quota), with an immediate disbursement
of US$12 billion, and a first review planned for June
2025 with an associated disbursement of about US$2 billion.  The
program is expected to help catalyze additional official
multilateral and bilateral support, and a timely re-access to
international capital markets.

Moody's Ratings on July 17, 2025, upgraded Argentina's
long-term foreign currency and local currency issuer ratings to
Caa1 from Caa3 and changed the outlook to stable from positive.
The upgrade reflects Moody's views that the extensive
liberalization of exchange and (to a lesser extent) capital
controls, alongside a new International Monetary Fund (IMF)
program, support the availability of hard currency liquidity and
ease pressure on external finances. This reduces the likelihood of
a credit event. In January 2025, Moody's raised Argentina's local
currency ceiling  to B3 from Caa1 and the foreign currency ceiling
to Caa1 from Caa3.  

Fitch Ratings, on May 12, 2025, upgraded Argentina's Long-Term
Foreign-Currency and Local-Currency Issuer Default Rating (IDR) to
'CCC+' from 'CCC'. S&P Global Ratings, in February 2025 lowered
its local currency sovereign credit ratings on Argentina to
'SD/SD' from 'CCC/C' and its national scale rating to 'SD' from
'raB+'. DBRS, Inc. upgraded Argentina's Long-Term Foreign and
Local Currency Issuer Ratings to B (low) from CCC in November 2024.



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B R A Z I L
===========

BRAZIL: Ceara State to Advance Fiscal Reform with $80MM IDB Loan
----------------------------------------------------------------
The Brazilian state of Ceara will strengthen the management of
revenue and expenditures with an $80 million loan from the
Inter-American Development Bank (IDB).

The loan is part of the third phase of the IDB-backed PROFISCO
Program aimed at modernizing the fiscal management of Brazilian
states to support the implementation of Brazil's new value-added
tax (VAT).  The program is expected to increase tax compliance and
enhance fiscal sustainability of states and the business
environment.

Ceara will enhance its management tools and modernize its
technological infrastructure. These improvements will strengthen
the tax authority's ability to efficiently collect and manage
revenues while promoting greater transparency and accountability to
society.

Key upgrades will focus on systems related to fiscal policy, tax
administration, litigation, debt management, audits, taxpayer
services, and tax collection. Additionally, the state will
restructure its internal control mechanisms and the citizen
services unit and launch a new tax education program to support the
implementation of the IVA tax reform.

On the expenditure side, the state will modernize budget and
financial management to enhance fiscal discipline. Planned measures
include the implementation of a data analytics platform and an
asset management model. The state also plans to integrate planning
and financial management systems, automate cash flow and bank
reconciliation as well as upgrade systems for improved cost
control, payroll administration and debt monitoring.

The project is expected to strengthen the state's treasury
secretariat and build capacity of civil servants. Taxpayers,
particularly businesses, will benefit from improved services,
making it easier to comply with tax obligations. The population of
Ceara is expected to gain from increased transparency of public
accounts and enhanced access to public policies driven by higher
improved quality of public spending.

The IDB loan, which was approved by the IDB's board, has a maturity
of 24.5 years, a six-year grace period and an interest rate based
on the Secured Overnight Financing Rate (SOFR).  Counterpart
financing from Ceara totals $8 million.

                          About Brazil

Brazil is the fifth largest country in the world and third largest
in the Americas. Luiz Inacio Lula da Silva won the 2022 Brazilian
general election. He was sworn in on January 1, 2023, as the 39th
president of Brazil, succeeding Jair Bolsonaro.

In October 2024, Moody's Ratings upgraded the Government of
Brazil's long-term issuer and senior unsecured bond ratings to Ba1
from Ba2, the senior unsecured shelf rating to (P)Ba1 from (P)Ba2;
and maintained the positive outlook.  S&P Global Ratings raised on
Dec. 19, 2023, its long-term global scale ratings on Brazil to
'BB' from 'BB-'.  Fitch Ratings affirmed on Dec. 15, 2023, Brazil's

Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB' with

]a Stable Outlook.  DBRS' credit rating for Brazil was last
reported at BB with stable outlook at July 2023.


BRAZIL: Lula Announces $2.2BB Debt Relief Package for Farmers
-------------------------------------------------------------
Reuters reports that Brazilian President Luiz Inacio Lula da Silva
disclosed a 12 billion reais ($2.21 billion) debt renegotiation
package aimed at supporting up to 100,000 agricultural producers,
primarily small and medium-sized farmers affected by recent climate
events.

The measure comes as Brazil's largest state-run bank, Banco do
Brasil, faces record default levels in its agribusiness portfolio,
threatening the stability of the country's crucial agricultural
sector, according to the report.

The executive order signed by Lula guarantees 12 billion reais in
total relief funding to up to 100,000 producers eligible for
support, notes Reuters.

"Today I signed an executive order that guarantees the
renegotiation of rural debts under special conditions," the report
quotes Lula as saying in a social media post. "This means more
security for those who work the land, more food on Brazilian
tables, and a stronger country in the face of climate change."

Brazilian farmers have faced mounting challenges in recent years,
including severe weather events, high interest rates, and elevated
input costs, recalls the report. The relief package aims to ensure
food security and support farmers struggling with climate-related
challenges.

                    About Brazil

Brazil is the fifth largest country in the world and third largest
in the Americas. Luiz Inacio Lula da Silva won the 2022 Brazilian
general election. He was sworn in on January 1, 2023, as the 39th
president of Brazil, succeeding Jair Bolsonaro.

In October 2024, Moody's Ratings upgraded the Government of
Brazil's long-term issuer and senior unsecured bond ratings to Ba1
from Ba2, the senior unsecured shelf rating to (P)Ba1 from (P)Ba2;
and maintained the positive outlook.  S&P Global Ratings raised on
Dec. 19, 2023, its long-term global scale ratings on Brazil to
'BB' from 'BB-'.  Fitch Ratings affirmed on Dec. 15, 2023, Brazil's
Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB' with
a Stable Outlook.  DBRS' credit rating for Brazil was last reported
at BB with stable outlook at July 2023.



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C A Y M A N   I S L A N D S
===========================

AIRNET TECH: Transforms with Name Change, Strategic Restructuring
-----------------------------------------------------------------
TipRanks reports that on September 3, 2025, AirNet Technology Inc.
held an extraordinary general meeting where shareholders approved
several significant changes. These included a share capital
amendment, a reverse share split, a name change to Yueda Digital
Holding, and the sale of various subsidiaries for nominal
consideration.

Specifically, the company said in its Notice of Extraordinary
General Meeting of shareholders filed with the U.S. Securities and
Exchange Commission, that is seeks:

1. As an ordinary resolution, to approve an amendment of the share
capital of the Company (the "Share Capital Amendment") from
US$1,000,000 divided into:

     (i) 900,000,000 ordinary shares of a par value of US$0.001
each ("Ordinary Shares"); and
    (ii) 100,000,000 preferred shares of a par value of US$0.001
each ("Preferred Shares") to US$1,000,000 divided into:
     (i) 900,000,000 Class A Ordinary Shares of a par value of
US$0.001 each ("Class A Shares"); and
    (ii) 100,000,000 Class B Ordinary shares of a par value of
US$0.001 each ("Class B Shares"), in each case having the rights
and subject to the restrictions set out in the Amended M&A
(hereinafter defined) by:  

          a) all issued Ordinary Shares (being 31,195,477 Ordinary
Shares) be re-designated as Class A Shares;
          b) 868,804,523 authorized but unissued Ordinary Shares be
re-designated as Class A Share; and
          c) 100,000,000 authorized but unissued Preferred Shares
be re-designated as Class B Shares.

2. Subject to the approval and implementation of the Share Capital
Amendment, as an ordinary resolution, to authorize the Company's
board of directors (the "Board") to effect a reverse share split
(the "Reverse Share Split" and share consolidation (the "Share
Consolidation") (the Reverse Share Split and Share Consolidation,
the "Reverse Share Split and Share Consolidation"), of the
Company's authorized and issued share capital, at a ratio of up to
one-for-one hundred, but in any case at a ratio of not less than
one-for-five (the "Approved Consolidation Ratio"), at a date to be
determined by the Board, with the exact ratios to be set at a whole
number within this range, as determined by the Board in its sole
discretion, such that the number of authorized and issued Class A
Ordinary Shares and Class B Ordinary Shares is decreased by the
Approved Consolidation Ratio, with the par value per Class A
Ordinary Share and Class B Ordinary Share increased by the Approved
Consolidation Ratio. Such Reverse Share Split and Share
Consolidation to be effected, at the specific Approved
Consolidation Ratio (subject to the above maximum), as to be
determined by the Board, and in order to effect the Reverse Share
Split and Share Consolidation and subject to adjustment pending the
Board's determination of the precise Approved Consolidation Ratio
of the Reverse Share Split and Share Consolidation, the authorized
share capital of the Company shall be altered from US$1,000,000
divided into (i) 900,000,000 Class A Ordinary Shares of a par value
of US$0.001 each, and (ii) 100,000,000 Class B Ordinary Shares of a
par value of US$0.001 each, to US$1,000,000 divided into (i) as low
as 9,000,000 Class A Ordinary Shares of a par value of US$0.1 each
and 1,000,000 Class B Ordinary Shares of a par value of US$0.1 each
(the "Reverse Share Split and Share Consolidation Proposal");
authorization of the Reverse Share Split and Share Consolidation
Proposal to be approved as an ordinary resolution.

3. As a special resolution, to approve that the Company's name be
changed from "AirNet Technology Inc." to "Yueda Digital Holding"
(the "Name Change Proposal")    

4. Subject to the approval of Resolutions 1, 2 and 3, as a special
resolution, the second amended and restated memorandum and articles
of association of the Company currently in effect be amended and
restated by the deletion in their entirety and the substitution in
their place the third amended and restated memorandum and articles
of association of the Company (the "Amended M&A") annexed hereto.

5. As an ordinary resolution, to approve the proposed sale of our
subsidiaries, Broad Cosmos Enterprises Ltd., a British Virgin
Islands company ("Broad Cosmos"), Air Net International Limited, a
British Virgin Islands company ("Air Net International"), Air Net
(China) Limited, a Hong Kong company ("Air Net China"), Shenzhen
Yuehang Information Technology Co., Ltd., a PRC company ("Shenzhen
Yuehang"), Xian Shengshi Dinghong Information Technology Co., Ltd.,
a PRC company ("Xian Shengshi"), Yuehang Chuangyi Technology
(Beijing) Co., Ltd., a PRC company ("Yuehang Chuangyi", together
with Broad Cosmos, Air Net International, Air Net China, Shenzhen
Yuehang, Xian Shengshi, the "Targets"), to AR iCapital LLP, a
Singaporean company, in exchange for nominal cash consideration of
$1 (the "Consideration") (the "Transaction" or "Transaction
Proposal").

6. As an ordinary resolution, to approve and adopt the Company's
2025 Equity Incentive Plan (the "2025 Plan") and all transactions
contemplated thereunder, including the reservation and issuance of
shares.

These decisions are poised to impact the company's structure and
market positioning, potentially affecting stakeholders by
streamlining operations and focusing on core digital services,
notes the report.

TipRanks added that AirNet Technology is currently in a precarious
financial position, with substantial declines in revenue, negative
profitability, and a troubling balance sheet. Technical indicators
and valuation metrics reflect a lack of investor confidence, while
the significant drop in stock price post-earnings call underscores
market concerns. Immediate strategic actions are required to
stabilize and improve the company's financial standing.

                      About AirNet Technology

AirNet Technology Inc. was incorporated in the Cayman Islands on
April 12, 2007. AirNet, its subsidiaries, through its variable
interest entities and the VIEs' subsidiaries, operate its
out-of-home advertising network, primarily air travel advertising
network, in the People's Republic of China. The Company also
conducts cryptocurrencies mining business operations by its Hong
Kong subsidiary, Blockchain Dynamics Limited.

Singapore-based Assentsure PAC, the Company's auditor since 2025,
issued a "going concern" qualification in its report dated May 2,
2025, attached to the Company's Annual Report on Form 10-K for the
year ended December 31, 2024, citing that the Company has a history
of operating losses and negative operating cash flows and has
negative working capital of approximately US$52.6 million as of
December 31, 2024. These conditions raise substantial doubt about
the Company's ability to continue as a going concern. Historically,
the Company has relied principally on both operational sources of
cash and non-operational sources of equity and debt financing to
fund its operations and business development. The Company's ability
to continue as a going concern depends on management's ability to
successfully execute its business plan which includes increasing
the utilization rate of existing staffs and potential financing
from public market or private placement. However, there is no
assurance that the measures can be achieved as planned.

As of Dec. 31, 2024, the Company had $72.17 million in total
assets, $93.26 million in total liabilities, and a total deficit of
$21.09 million.




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D O M I N I C A N   R E P U B L I C
===================================

DOMINICAN REPUBLIC: Promipyme Injects RD$53MM Into Small Firms
--------------------------------------------------------------
Dominican Today reports that the National Council for the Promotion
and Support of Micro, Small and Medium Enterprises (Promipyme)
disbursed RD$53 million in loans to 310 entrepreneurs and small
business owners in Barahona, marking its second large-scale credit
delivery in the province.

With this round, Promipyme has channeled RD$94.8 million to 588
beneficiaries in Barahona, consolidating its push to strengthen
micro and small enterprises across the southern region, according
to Dominican Today.

Promipyme director Fabricio Gomez Mazara highlighted that the
program reflects a government policy to expand access to credit
nationwide, with more than RD$11.5 billion in loans placed during
the current administration, the report notes.

Seventy-one percent of the new loans went to women, underscoring
Promipyme's commitment to financial inclusion and female
entrepreneurship. By sector, 80% of funds were directed to
commerce, 16% to services and 4% to industry, the report relays.

Gomez Mazara stressed the broader impact of the initiative: "When
we support a microbusiness, we support a family and a community.
These resources return multiplied in jobs, economic activity and
improved quality of life," the report adds.

                About Dominican Republic

The Dominican Republic is a Caribbean nation that shares the
island
of Hispaniola with Haiti to the west. Capital city Santo Domingo
has Spanish landmarks like the Gothic Catedral Primada de America
dating back 5 centuries in its Zona Colonial district. Luis
Rodolfo
Abinader Corona is the current president of the nation.

S&P Global Ratings affirmed its 'BB' long-term foreign
and local currency sovereign credit ratings on the
Dominican Republic on December 3, 2024. The outlook remains
stable. S&P also affirmed its 'B' short-term sovereign
credit ratings and kept the transfer and convertibility
(T&C) assessment unchanged at 'BBB-'.

Fitch, on November 26, 2024, affirmed the Dominican Republic's
Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-'.
The Rating Outlook is Positive.

Moody's credit rating for Dominican Republic was last set at Ba3
in August 2023 with the outlook changed to positive.  



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J A M A I C A
=============

JAMAICA: BOJ Accepts 145 Bids for $19BB Certificate of Deposit
--------------------------------------------------------------
RJR News reports that the Bank of Jamaica says the value of
outstanding certificates of deposit now stands at $140 billion, or
4 per cent of GDP.

This follows 231 bids worth $32 billion for the $19 billion the
bank sought to take out of circulation to stabilize the exchange
rate, according to RJR News.

But the Bank accepted only 145 of those bids, amounting to the $19
billion it wanted, at an average interest rate of 5.9 per cent, the
report notes.

The lowest bid came in at 5 per cent for $2.2 million, while the
highest was 8.5 per cent for $250 million, the report adds.

                        About Jamaica

Jamaica is an island country situated in the Caribbean Sea. Jamaica
is an upper-middle income country with an economy heavily dependent
on tourism.  Other major sectors of the Jamaican economy include
agriculture, mining, manufacturing, petroleum refining, financial
and insurance services.

On Feb. 21, 2025, Fitch Ratings affirmed Jamaica's Long-Term
Foreign-Currency Issuer Default Rating (IDR) at 'BB-', with a
positive rating outlook.  In October 2023, Moody's upgraded the
Government of Jamaica's long-term issuer and senior unsecured
ratings to B1 from B2, and senior unsecured shelf rating to (P)B1
from (P)B2.  The outlook has been changed to positive from stable.
In September 2024, S&P affirmed 'BB-/B' longterm foreign and local
currency sovereign credit ratings on Jamaica and revised outlook to
positive.  



===========
M E X I C O
===========

POINSETTIA FINANCE: Moody's Reviews B3 on $530MM Notes for Upgrade
------------------------------------------------------------------
Moody's Ratings has placed under review for upgrade the ratings on
the following notes issued by Poinsettia Finance Limited:

US$$530.8 million Senior Secured Notes, B3 Placed On Review for
Upgrade; previously on Feb 16, 2024 Downgraded to B3

Poinsettia Finance Limited is a repackaged securitization related
to certain oil and gas infrastructure assets, under a hell or
high-water lease agreement between Pemex Exploracion y Produccion
(PEP), a subsidiary of Petroleos Mexicanos (PEMEX) and Marverde
Infraestructura S.A. The lease payments are backed by the
underlying oil and gas infrastructure assets, PEP's obligations
under the lease agreement are guaranteed by Pemex.

The rating is based mainly on the willingness and ability of Pemex,
as guarantor of PEP's obligations under the lease agreements to
honor the payments as defined in the transaction documents.

RATINGS RATIONALE

The rating action taken is the result of a rating action on
Petroleos Mexicanos, which was placed under review for upgrade on
August 18, 2025.

Methodology Underlying the Rating Action:

The principal methodology used in this rating was "Repackaged
Securities" published in June 2024.

Factors that would lead to an upgrade or downgrade of the rating:

This rating is essentially a pass-through of the rating of the
underlying asset(s). Noteholders are exposed to the credit risk of
Petroleos Mexicanos and therefore the rating moves in lock-step.

Moody's notes that this transaction is subject to a high level of
macroeconomic uncertainty, which could negatively impact the
ratings of the notes, as evidenced by 1) uncertainties of credit
conditions in the general economy and 2) more specifically, any
uncertainty associated with the underlying credits in the
transaction could have a direct impact on the repackaged
transaction.




===============
X X X X X X X X
===============

LATIN AMERICA: EU Pushes Ahead with Bid to Ratify Free-Trade Deal
-----------------------------------------------------------------
Buenos Aires Times reports that the European Union is advancing its
efforts to ratify a proposed trade deal with Mercosur countries by
the end of the year after proposing safeguard measures to get
France and other sceptical countries on board.

The European Commission published the final text of its free-trade
agreement with the South American economies of the Mercosur bloc on
Wednesday, Sept. 3, which includes a mechanism to protect European
agricultural producers, according to Buenos Aires Times.

Under the proposal, an investigation will be launched if the volume
of imports from Mercosur countries increases by 10 percent or the
prices of agricultural commodities fall by 10 percent, the report
notes.

"We had very, very intense exchanges with representatives from the
farmers' community," EU Trade Commissioner Maros Sefcovic said at a
press conference in Brussels, the report discloses.  "We wanted to
make sure that we put in place all the precautions, all the
safeguards that would make every single member state and
agriculture community be at ease that this deal is good for
everyone, that it will open opportunities for everyone," he added.

The agreement needs approval by the European Parliament and a
qualified majority of its 27 member states, the report notes.

French government spokesperson Sophie Primas told reporters that
officials in Paris need to analyse the commission's proposal, but
she welcomed the safeguard measures and noted that France's efforts
had "enabled a number of European countries to rally behind the
serious reservations we had," the report relays.

Polish Prime Minister Donald Tusk said that his country will oppose
the deal but added that "there are no partners to block it at the
moment."  He added that while Mercosur will probably be adopted by
a majority vote, "we will not rest until these protection
mechanisms come into force," the report notes.

Tusk is due to discuss the issue with Macron at a meeting of
defense allies in Paris, the report relays.

The EU and the Mercosur nations (Argentina, Brasil, Uruguay and
Paraguay) completed talks on a preliminary agreement in December
after more than two decades of negotiations, the report says.
Ratification of the agreement would create an integrated market of
780 million consumers, providing a boost to the EU's embattled
manufacturing sector and Mercosur's vast agricultural industry, the
report notes.  But countries including France fear the deal's
impact on the European agricultural sector, the report discloses.

France has argued that it would expose European farmers to unfair
competition from South American peers that face less strict
regulations, the report says.  Ireland has also expressed criticism
and Italy had said it wouldn't support the deal without more
guarantees for its agricultural sector, the report relays.

                           Cars and Beef

European car exporters will also benefit from the gradual removal
of the current 35 percent tariffs. In addition, Mercosur duties on
industrial products like car parts, machinery, chemicals, clothing
and textiles would also be eliminated for EU exporters, the report
relays.  In total, EU exporters will save over four billion euros
(US$4.7 billion) in duties per year, according to commission
estimates, the report notes.

In return, the EU will grant limited access to the agricultural
products of that region, including some sensitive agri-food
products such as beef, poultry and sugar, the report discloses.

The EU has signalled a renewed interest in signing new trade deals
with nations like India, Indonesia and Thailand to diversify away
from the US, which has hit the EU with trade tariffs, the report
says.  It also announced details of a trade deal with Mexico, the
report relays.  The Mercosur deal would strengthen the EU's
footprint in a region where China has emerged as a major industrial
supplier and the main commodities purchaser, the report discloses.

The deal will also benefit Brazil, the Mercosur bloc's largest
economy, the report says.  President Luiz Inacio Lula da Silva was
one of the agreement's most vocal proponents since taking office in
2023, the report recalls.  Agriculture-related exports to the EU
could grow by US$7.1 billion between 2024 and 2040, according to
the country's Institute of Applied Economic Research, the report
adds.


                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Latin America is a daily newsletter
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Chapman, Editors.

Copyright 2025.  All rights reserved.  ISSN 1529-2746.

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