EU and Mercosur Finalize Long-Awaited Trade Agreement
- The European Union and South America’s Mercosur bloc signed a historic trade agreement in Asuncion, Paraguay on January 17, 2026.
- The agreement aims to cut more than 90% of tariffs between the two regions.
- This pact concludes over 25 years of negotiations between the EU and Mercosur.
The signing of this trade agreement marks a significant milestone in economic relations between the European Union and the Mercosur countries, aiming to enhance trade by reducing tariffs significantly. This development follows decades-long discussions aimed at fostering closer economic ties. (Source)
