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EU and Mercosur agree huge trade deal after 20-year talks
Source: BBC
EU and Mercosur agree huge trade deal after 20-year talks
The EU and South American economic bloc Mercosur have clinched a huge trade deal after 20 years of negotiations.
EU Commission chief Jean-Claude Juncker said it was the EU's biggest deal to date and, at a time of trade tensions between the US and China, showed that "we stand for rules-based trade".
Brazil's President Jair Bolsonaro said it was "historic" and "one of the most important trade deals of all time".
Mercosur consists of Argentina, Brazil, Uruguay and Paraguay.
Venezuela is also a member but it was suspended in 2016 for failing to meet the group's basic standards.
-snip-
The EU and South American economic bloc Mercosur have clinched a huge trade deal after 20 years of negotiations.
EU Commission chief Jean-Claude Juncker said it was the EU's biggest deal to date and, at a time of trade tensions between the US and China, showed that "we stand for rules-based trade".
Brazil's President Jair Bolsonaro said it was "historic" and "one of the most important trade deals of all time".
Mercosur consists of Argentina, Brazil, Uruguay and Paraguay.
Venezuela is also a member but it was suspended in 2016 for failing to meet the group's basic standards.
-snip-
Read more: https://www.bbc.com/news/world-europe-48807161
