The deal, which comes as Brussels seeks new markets to offset US tariffs and reduce reliance on China for critical minerals, will open free trade with four South American countries.
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European Union ambassadors have given a provisional nod to the bloc’s largest-ever agreement in terms of erased tariffs, opening the way to free trade with the Mercosur group of South American countries.
The provisional agreement by ambassadors from member states to the EU on Friday comes 25 years after negotiations with Mercosur – Argentina, Brazil, Paraguay and Uruguay – started.
