"A lot of work went into getting this landmark deal over the line; now it's time to invest the same effort into making sure our citizens and businesses reap its benefits immediately. From day one, tariffs are reduced and new market opportunities are opened."
"Together, the EU and Mercosur account for 30 percent of global GDP and more than 700 million consumers. The agreement favours European exports of cars, wine and cheese, while making it easier for South American beef, poultry, sugar, rice, honey and soybeans to enter Europe."
The EU's trade deal with Mercosur, one of the largest free-trade agreements, provisionally enters into force, eliminating tariffs on over 90% of trade. The deal, finalized after 25 years of negotiations, faces opposition from France due to concerns for local farmers. Despite this, the majority of EU countries support the agreement as a means to diversify trade amid global challenges. The deal favors European exports while easing South American agricultural products' access to Europe. The European Parliament has referred the deal to the EU's top court, delaying its full approval.
Read at The Local France
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