The European Union and South America’s Mercosur bloc signed a controversial trade agreement after 25 years of negotiations, creating one of the world’s largest free trade zones. The deal aims to lower tariffs and boost trade between the two blocs, covering over 700 million people and 20% of global GDP. However, the agreement still needs approval from the EU Parliament and 15 member states, with concerns from farmers and opposition from countries like France complicating the ratification process.
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