The European Union and Mercosur officially signed one of the world’s largest free-trade agreements on Saturday, clinching a deal that has been in the works for more than two decades.
European Commission President Ursula von der Leyen and European Council head António Costa inked the pact in Asunción, Paraguay, a week after the EU blessed the deal with the South American bloc of Brazil, Argentina, Uruguay and Paraguay.
The agreement, which will create an integrated market of 780 million consumers, will strengthen Europe’s foothold in a resource-rich region that’s being in
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