EU and Mercosur Sign Historic Trade Pact to Create World’s Largest Free-Trade Zone
In a monumental shift for global commerce, leaders from the European Union and the Mercosur bloc (Brazil, Argentina, Paraguay, and Uruguay) gathered in the Paraguayan capital of Asunción on Saturday, January 17, to formally sign a sweeping free-trade agreement. The deal, which has been under negotiation for a staggering 26 years, establishes an integrated marketplace of over 700 million consumers and accounts for approximately 20% of the global GDP. Coming at a time of escalating trade tensions between the U.S. and China, the pact is being hailed as a “geopolitical masterstroke” that asserts the two regions as champions of rules-based trade in an increasingly protectionist world.













