EU-Latin America trade deal: Who wins?

"The EU and the Mercosur trading bloc of five Latin American nations seal a sweeping trade pact. It would create one of the largest free-trade zones in the world, connecting markets with more than 700 million people. A trade pact between the European Union and the Mercosur trading bloc has been agreed after almost 25 years of talks. That's despite opposition from farmers in several European countries."

"That's despite opposition from farmers in several European countries. The deal is seen as part of Europe's effort to curb its economic reliance on China. And it comes against the backdrop of President Donald Trump's tariffs on countries around the world and his recent military intervention in Venezuela. Also, will Big Oil invest in Venezuela? Plus, are Greenland's vast resources profitable?"

A comprehensive trade agreement between the European Union and the Mercosur bloc of five Latin American nations establishes one of the world's largest free-trade zones, linking markets that collectively exceed 700 million people. Negotiations concluded after nearly 25 years despite vocal opposition from farmers in multiple European countries concerned about competition and standards. The pact forms part of wider European efforts to reduce economic dependence on China and occurs amid global trade tensions including President Donald Trump's tariffs and recent military action in Venezuela. The agreement raises questions about future investment in Venezuela's oil sector and the commercial viability of Greenland's resource deposits.

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