EU and Mercosur agree to create the world's largest free trade zone after 25 years of negotiations
Briefly

from english.elpais.com3 months ago
The European Union and Mercosur signed a free trade agreement, concluding a 25-year negotiation. This pact creates the world's largest free trade zone, pending ratification.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-12-06/eu-and-mercosur-agree-to-create-the-worlds-largest-free-trade-zone-after-25-years-of-negotiations.html
The agreement will give Europe access to 268 million consumers, while Mercosur will benefit from offering its agricultural products to 450 million people with preferential tariffs.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-12-06/eu-and-mercosur-agree-to-create-the-worlds-largest-free-trade-zone-after-25-years-of-negotiations.html
Doubts regarding sustainability and environmental policies in South America have led to delays in ratifying the pact, with several European nations demanding additional commitments.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-12-06/eu-and-mercosur-agree-to-create-the-worlds-largest-free-trade-zone-after-25-years-of-negotiations.html
Efforts to push the agreement forward were complicated by Jair Bolsonaro's rise in Brazil, which intensified scrutiny over environmental policies and the agreement's sustainability.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-12-06/eu-and-mercosur-agree-to-create-the-worlds-largest-free-trade-zone-after-25-years-of-negotiations.html
Read at english.elpais.com
#eu #mercosur #free-trade-agreement #sustainability #global-trade
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