Mercosur Has Finished Approving the Agreement with the Eu and Will Begin to Apply From 1 May - Diario La R

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In the last week, the long-awaited Mercosur-European Union agreement took a fundamental step: Paraguay, the only South American country that lacked to enact the trade pact, took that fundamental step and thus resulted in the accession of the four founding countries of the South American bloc. Thus, the free trade agreement can begin to apply provisionally from May 1, as announced by the European Commission on March 23.

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The trade agreement between Mercosur and the European Union was finally approved by all the countries of the South American bloc and will begin to apply as of 1 May, marking a milestone after more than two decades of negotiations.The final ratification took place on Monday with the promulgation of Paraguay, which notified compliance with all the domestic legal procedures necessary for its entry into force. Thus, the process initiated on 17 Janua…