Summary
A major trade deal between the European Union and the Mercosur bloc has been finalized, creating a massive free-trade area. This deal aims to reduce Europe's economic reliance on China, while some European farmers oppose it due to potential impacts on their industries.
Key Facts
- The trade deal links the European Union and the Mercosur countries.
- It covers markets with over 700 million people.
- Talks for this deal took nearly 25 years to complete.
- Some European farmers are against the deal due to concerns over competition.
- The agreement is part of Europe's strategy to reduce dependency on China.
- This deal occurs during a time when President Trump has imposed tariffs on various countries.
- The deal is also happening while President Trump has taken military action in Venezuela.
- Discussions include the potential for big oil companies to invest in Venezuela, and Greenland's resource potential.
