Blockbuster EU-Mercosur trade deal enters into force
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The EU-Mercosur trade deal, one of the largest free-trade agreements, provisionally enters into force on May 1, 2026, despite a pending court ruling. The deal, which eliminates tariffs on over 90% of trade, has faced opposition from France due to concerns for its farmers. Supported by most EU countries, the agreement aims to diversify trade amid global challenges. EU leaders will discuss the deal with Mercosur nations, which include Argentina and Brazil, as it opens new market opportunities for both sides.
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