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flag The EU and Mercosur finalized a major trade deal after 25 years, slashing tariffs and boosting economic ties.

flag The European Union and Mercosur have approved a landmark trade agreement after over 25 years of negotiations, with EU countries overriding French opposition to move forward. flag The pact, hailed by Brazilian President Lula as a historic win for multilateralism, links two major blocs with 718 million people and a combined GDP of $22.4 trillion. flag It will eliminate tariffs on most goods through phased schedules, with Mercosur liberalizing 91% of goods and 85% of import value from the EU, and the EU extending similar access to 95% of goods and 92% of import value from Brazil. flag The agreement includes modern provisions on sustainability, government procurement, intellectual property, and emerging technologies, aiming to boost trade, investment, and resilience amid global protectionism. flag Analysts expect long-term benefits for Brazilian agribusiness, though environmental concerns persist. flag Implementation will begin under a defined schedule.

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