Brazilian President Luiz Inacio Lula da Silva said on Tuesday he is interested in advancing talks for a trade deal between South America's Mercosur bloc and Canada in order to "diversify and expand our exchange".

Lula in a post on X congratulated Canadian Prime Minister Mark Carney as he completed a comeback victory for the governing Liberals in Monday's election.

Brazil's President Luiz Inacio Lula da Silva speaks during a meeting at the Planalto Palace in Brasilia, Brazil, March 18, 2025. REUTERS/Adriano Machado

Mercosur - which includes Brazil, Argentina, Paraguay and Uruguay - has had negotiation rounds for a trade deal with Canada in the past.