EU and Mercosur Finalize Landmark Trade Agreement Amid Tensions

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Source: Financial Times
EU and Mercosur Finalize Landmark Trade Agreement Amid Tensions
Photo: Financial Times
TL;DR Summary

The European Union and five South American countries have finalized a major trade agreement, creating a market of 700 million people by eliminating tariffs on over 90% of goods. This deal, the largest for both parties, was reached after 25 years of negotiations and is expected to benefit consumers and businesses on both sides. European Commission President Ursula von der Leyen emphasized the fairness and mutual benefits of the agreement.

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