What is the EU-Mercosur trade agreement and why does it matter? ...Middle East

PARIS (AP) — After more than 20 years of negotiations, the 27-nation European Union and Mercosur — a South American trade bloc of Brazil, Argentina, Paraguay, Uruguay and Bolivia — are still trying to finalize a major trade agreement that is sparking protests by European farmers. A draft deal was announced in 2019, but disagreements over environmental, economic and political issues are delaying its final approval. Here’s a look at the deal, why it matters, and challenges it faces: What is the deal about? It aims to create one of the largest free trade zones in the world, covering over 700 million people and nearly 25% of global GDP. Much like the U.S.-Mexico-Canada free trade

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What is the EU-Mercosur trade agreement and why does it matter? ...Middle East

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