Blockbuster EU-Mercosur trade deal enters into force
Yahoo Finance·- The massive trade agreement between the EU and the South American Mercosur will take temporary effect on May 1, despite pending court rulings on its legality. - This agreement aims to establish one of the world's largest free trade areas by eliminating tariffs on over 90% of trade between the two regions, although it has faced opposition from France over concerns for its farmers. - EU leaders will discuss the agreement with Mercosur heads of state, noting its benefits for various sectors including automotive and agriculture, while also reflecting tensions between France and Germany on trade policy.