What are the terms of the Mercosur deal?
Asked 3 hours ago
Answer
The Mercosur deal establishes a free trade zone between the EU and Mercosur, gradually eliminating about 90% of tariffs on industrial, services, and agricultural goods. It significantly reduces tariffs on most goods, potentially saving billions for businesses and increasing trade in sectors like automobiles, minerals, and meat. The agreement also aims to expand markets and enhance cooperation, but faces criticism over environmental and economic concerns.
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EU seals contentious trade deal with Mercosur countries
Euronews · Just In
Euronews
Just In
- EU signs major trade deal with Mercosur after 25 years of talks
- Deal includes Argentina, Brazil, Paraguay, and Uruguay 10s
- Free trade zone of 700 million people to eliminate 90% of tariffs 15s
- Supporters say EU needs new trade ties beyond US and China 42s
- Critics warn deal may hurt European farmers due to competition 49s
