EU and Mercosur finalize 25-year trade deal, creating a massive free trade zone.

The EU and five Mercosur countries have finalized a significant trade agreement after 25 years of negotiations. The deal, covering over 700 million people, aims to create one of the world's largest free trade zones and could save EU companies billions in export duties. Critics worry about unfair competition for European agriculture, but analysts highlight the strategic importance of raw materials like lithium, vital for the transition to electric vehicles and away from fossil fuels.

3 months ago
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