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International Business Times
International Business Times
Science
Alina DIESTE

South America Summit Hopes To Seal 'Historic' Trade Deal With EU

Brazil's left-wing President Luiz Inacio Lula da Silva, whose country dominates Mercosur, is pushing for the deal to be finalized (Credit: AFP)

Brazil, Argentina, Uruguay and Paraguay are hoping to announce a blockbuster trade deal with the European Union at a regional summit Friday after a push by Brussels to get the long-delayed accord over the line.

The deal between the 27-nation EU and the four founding members of South America's Mercosur bloc would create the world's biggest free trade zone.

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