The European Union and the Mercosur trading bloc, comprising five Latin American nations, have finalized a significant trade agreement after nearly 25 years of negotiations, creating one of the world’s largest free-trade zones for over 700 million people. This deal faces opposition from farmers in various European countries and is part of Europe’s strategy to reduce economic dependence on China. The agreement is also framed within the context of President Donald Trump’s global tariffs and military actions in Venezuela. Discussions around investment in Venezuela’s resources and Greenland’s potential profitability are ongoing.
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