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Mercosur, four-nation European trade bloc seal sweeping trade deal

  • MERCOSUR and EFTA finalized a Free Trade Agreement after years of negotiations, which is set to be signed soon.
  • The agreement covers trade areas like goods and services, benefiting approximately 300 million people and 97% of exports.
  • Key agricultural products such as Brazilian poultry and Argentinian beef will see reduced tariffs, addressing concerns in agricultural groups about dependence on imports.
  • The agreement includes Argentina, Brazil, Paraguay, Uruguay, Iceland, Liechtenstein, Norway, and Switzerland and aims to cover 97% of their exports.
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Center

The South American Mercosur countries have agreed on a free trade agreement with the four member countries of the European Free Trade Association (EFTA).

·Germany
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Center

BUENOS AIRES (AP) — The South American bloc Mercosur and the European Free Trade Association, made up of Iceland, Norway, Liechtenstein, and Switzerland, announced Wednesday in Buenos Aires that they have agreed to a free trade agreement to be signed in 2025…

·Calhoun, United States
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Lean Right

These are EFTA, made up of Switzerland, Liechtenstein, Iceland and Norway.

·Buenos Aires, Argentina
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U.S. News broke the news in New York, United States on Tuesday, July 1, 2025.
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