Economics
EU, South America Achieve Breakthrough in Free-Trade Talks
- EU-Mercosur struck one of world’s largest free trade deals
- Both sides overcome key obstacles in 20-year-long negotiations
Tugboats assist a container ship at the Port of Itaguai in Rio de Janeiro, Brazil.
Photographer: Dado Galdieri/Bloomberg
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Europe and South America’s leading customs union struck a free-trade deal after 20 years of talks, notching up a major win in a global market-opening drive that counters the protectionism of U.S. President Donald Trump.