Brazilian President Luiz Inacio Lula da Silva will not attend Saturday's signing ceremony in for the free trade agreement between Mercosur and the EU.

Paraguay will host signing of a free trade agreement between the European Union and the Southern Common Market, known by Spanish acronym Mercosur,

Brazilian President Luiz Inacio Lula da Silva will not attend Saturday's signing ceremony in for the free trade agreement between Mercosur and the EU.

Representatives of the European Union and South American nations signed a free trade agreement on Saturday, but the deal is not final until approved by a vote of the European…