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The Independent UK

National

Via AP news wire

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

European Union Mercosur Ursula von der Leyen European Commission

Uruguay Mercosur Summit - (Copyright 2024 The Associated Press. All rights reserved)

The European Union and the Mercosur trade bloc have agreed to terms for a long-anticipated free trade deal, European Commission President Ursula von der Leyen announced in Montevideo on Friday.

The EU-Mercosur deal aims to create one of the largest free trade zones in the world, covering over 700 million people and nearly 25% of global GDP.

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