EU Commission and Mercosur Agree on Landmark Free Trade Agreement

The agreement will create the world’s biggest free trade zone

This week the European Union and their counterparts from the Mercosur bloc of South American countries (Brazil, Argentina, Paraguay, and Uruguay) finalized negotiations to conclude this landmark agreement which is estimated to save EU businesses 4 billion euros worth of trade duties per year, bid for public contracts on equal terms with Mercosur countri…