The agreement paved the way for the European Union's largest-ever trade accord after 25 years of negotiations.

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

El Mercosur y la Unión Europea (UE) firmaron, en Asunción, un histórico acuerdo de libre comercio que dará lugar a una de las mayores zonas integradas del mundo