After years of delays, EU and Mercosur ready to finalize trade deal
EU, Mercosur set to sign long-sought free trade pact in Paraguay, creating one of the world’s largest markets
The European Union and South America’s Mercosur are poised to sign a free trade agreement in Asuncion, Paraguay, on Jan. 17, capping more than 25 years of negotiations and creating one of the world’s largest free trade areas. The pact would eliminate tariffs on more than 90% of bilateral trade across a market representing about 30% of global GDP and more than 700 million consumers.
The deal, agreed in Brussels last…