The long-awaited deal creates one of the world’s largest free trade areas with 720m potential consumers.
By Al Jazeera Staff and The Associated Press
Published On 1 May 20261 May 2026
The long-awaited trade deal between the European Union and South America’s Mercosur bloc has provisionally come into effect, boosting business ties amid tariff threats and deepening uncertainty around global cooperation.
The pact took effect on Friday after 25 years of negotiations, creating one of the world’s largest free trade areas, with 720 million…
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