🇪🇺 Mercosur-EU, one month in

The trade agreement between Mercosur and the European Union has completed one month of provisional application in its commercial phase. The deal took effect on May 1, beginning a process that will gradually open markets between the two blocs and create one of the world's largest free-trade zones, with roughly 700 million consumers and a combined GDP of nearly USD 22 trillion.

The agreement sets out a decade-long timeline for opening trade, with tariffs gradually phased out or reduced and quotas slowly raised. Some products, however, have already benefited from the new rules in the first month…

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