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flag Brazil’s Senate ratified the EU-Mercosur trade deal, creating a major free trade zone after 25 years.

flag Brazil’s Senate has ratified the EU-Mercosur trade agreement, a major deal after 25 years of negotiations that creates one of the world’s largest free trade zones. flag The pact, already approved by Argentina and Uruguay, eliminates tariffs on over 90% of goods traded between the blocs, covering 700 million consumers and 30% of global GDP. flag The European Commission has provisionally applied the agreement pending a final EU court ruling. flag While Brazil and EU nations like Spain and Germany support it for boosting exports of cars, wine, and agricultural products, French and other European farmers oppose it, citing concerns over competition and lower environmental standards. flag Paraguay remains the last Mercosur member to approve the deal.

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