According to European Commissioner for Trade and Interinstitutional Relations Maros Sefcovic, this agreement will create one of the largest free trade zones in the world, with over 700,000 people living in its territory

This is the first major trade agreement for Mercosur, which includes Brazil and Argentina, along with Paraguay and Uruguay.

La UE y el Mercosur firmarán finalmente este sábado en Paraguay el acuerdo que creará la mayor zona de libre comercio del mundo.