EU seals contentious trade deal with Mercosur countries
Euronews · Just In
Euronews
Just In
After 25 years of talks, the EU signed the EU-Mercosur trade deal on Saturday, creating a 700 million-person free-trade area. Ratification is still pending, however, with the European Parliament set for a heated debate.
Breakdown
- 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