After 20 years of negotiations, EU strikes trade deal with Mercosur

After more than 20 years of negotiations, Mercosur and the European Union reached a comprehensive trade agreement in Brussels on Friday

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"The new trade framework -- part of a wider Association Agreement between the two regions -- will consolidate a strategic political and economic partnership and create significant opportunities for sustainable growth on both sides," a European Union news release said. #Mercosur #trade deal done! A historical moment. In the midst of international trade tensions, we are sending a strong signal that we stand for rules-based trade.

— Jean-Claude Juncker June 28, 2019 According to the EU statement, the deal aims to remove the majority of tariffs on EU exports to Mercosur, an economic and political bloc comprising Argentina, Brazil, Paraguay and Uruguay, plus several associate members. Venezuela's membership in the group was suspended in 2017, in a Mercosur resolution that cited a"rupture of democratic order" in the country.

— Jair M. Bolsonaro June 28, 2019 However, not everyone welcomed the deal. In a statement, the Irish Farmers Association called on Ireland not to ratify the deal, and argued that its terms will be a disadvantage European beef farmers.

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