AP —The European Union reached a blockbuster free trade agreement Friday with Brazil, Argentina and the three other South American nations in the Mercosur trade alliance, capping a quarter-century of on-off negotiations even as France vowed to derail the contentious accord.
“This will create huge business opportunities,” von der Leyen said.
“We have heard you, listened to your concerns, and we are acting on them,” von der Leyen said.
It marks the first major trade agreement for Mercosur, which is comprised of Argentina, Brazil, Uruguay, Paraguay and, newly, Bolivia.
In 2016, the EU and Canada signed a pact, known as the Comprehensive Economic and Trade Agreement, or CETA, but the approval process is still lumbering along.
Persons:
Ursula von der Leyen, ” von der Leyen, Donald Trump’s, Emmanuel Macron, ”, von der Leyen, Olaf Scholz of Germany, Pedro Sánchez, Luiz Inacio Lula da Silva, “, Javier Milei, upended, Trump, Jair Bolsonaro, Lula, ” Milei, Brian Winter
Organizations:
European Union, Atlantic, Mercosur, Brazilian Trade, Investment, Agency, Libertarian, EU, Brazil’s, Canada, “
Locations:
Brazil, Argentina, Mercosur, France, Brussels, Netherlands, Uruguay, Austria, Belgium, Italy, Poland, China, Paraguay, Bolivia, Egypt, Israel, Singapore, Spain, Uruguay’s, Montevideo, Europe, Rio de Janeiro, South America’s, York, Americas