Top officials from the European Union and the South American trade bloc Mercosur signed a free trade agreement on Saturday in Paraguay, marking the largest trade deal in EU history after 25 years of negotiations.
Read: EU and Mercosur sign free trade agreement – “Real benefits for European citizens and businesses”
The agreement has sparked intense reactions at the European level and must now be approved by the European Parliament before coming into force.
Additionally, ratification is also required from the parliaments of Mercosur member states (Argentina, Brazil, Paraguay and Uruguay), a process that is expected to be smoother and without particular difficulties.
