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European Union and Mercosur trade bloc announce free trade deal that’s 25 years in the making

  • The EU and four South American countries have completed a controversial trade deal, as announced by European Commission chief Ursula von der Leyen on Friday.
  • The agreement aims to create a free-trade zone with over 700 million people, covering nearly 25 percent of global GDP.
  • The EU-Mercosur deal must be approved by at least 15 EU member nations representing 65 percent of the population.
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Valencia Plaza broke the news in on Friday, December 6, 2024.
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