EU Inks Free Trade Deal with Mercosur

Mercosul-04-jul-2005, cc Ricardo Stuckert/PR via, modified,


It took 20 years to the day for the two blocs to reach a trade deal, but the improbable finally occurred on June 28, 2019.

Hailed as a ‘truly historic moment’ by EU Commission President Jean-Claude Juncker, the agreement will create a new market of over 770 million people. In Europe it’s being viewed as a victory for manufacturers, especially vis-à-vis their US competitors; in South America, it represents lucrative access to a market worth 3.4 trillion euros.

Here’s what’s on the deal:

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