The EU and the Mercosur trade bloc of five Latin American nations sealed a comprehensive trade deal.
It will create one of the largest free-trade zones in the world, connecting markets with more than 700 million people.
A trade deal between the European Union and the Mercosur trading bloc has been agreed after almost 25 years of negotiations.
Despite opposition from farmers in many European countries.
The deal is seen as part of Europe’s efforts to curb its economic dependence on China.
And it comes in the wake of President Donald Trump’s tariffs on countries around the world and the recent military intervention in Venezuela.
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Published on January 15, 2026