EU and Mercosur Finalize Landmark Free Trade Agreement After 25 Years of Negotiations

The EU has forged a landmark trade deal with Mercosur, linking countries that comprise around a quarter of the world's GDP and promising to stimulate economic growth through reduced tariffs and more export opportunities.

Not all EU nations are on board, with strong opposition from agricultural sectors in France and other countries fearing competition and environmental repercussions. Key political figures in these nations are pushing for stricter safeguards for local farmers.

The deal symbolizes a push against growing global protectionism, seen as an important move by the EU amidst tensions with the United States under a new administration that emphasizes national economic interests.