Summary
A trade agreement between the European Union and the Mercosur trading bloc has been reached after nearly 25 years of discussions. This deal will create a large free-trade zone connecting markets with over 700 million people and aims to reduce Europe's economic dependence on China.
Key Facts
- The European Union and Mercosur have agreed on a trade deal.
- Mercosur is a trading group that includes Brazil, Argentina, Paraguay, and Uruguay.
- The deal creates one of the world's largest free-trade zones.
- It connects markets representing more than 700 million people.
- Some European farmers oppose the agreement.
- The agreement helps Europe lessen its economic reliance on China.
- The context includes President Trump's tariffs and military actions, such as in Venezuela.
