Invest News DetailToday’s Zaman - Turkish State Minister and Chief Negotiator for EU talks Egemen Bagis signed an agreement on prevention of double taxation between Turkey and Brazil on Thursday. Bagis is currently in Brazil within the scope of Southern Common Market (MERCOSUR) meeting in Foz Do Iguacu. MERCOSUR is a union between Argentina, Brazil, Paraguay and Uruguay. Its purpose is to promote free trade and the fluid movement of goods, people, and currency. Speaking after signing the agreement with Brazil's Foreign Minister Celso Amorim, Bagis said the agreement will boost bilateral trade between Turkey and Brazil.