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Europe and South America to sign free trade deal
Published 2 months, 1 week ago
Description
The agreement, between the South American trade bloc Mercosur and the European Union which is set to be signed this weekend, has been 25 years in the making.
The deal will eliminate import taxes or tariffs on more than 90 percent of goods traded between Europe and the South American nations. Europe hopes to boost its exports of cars, machinery and medicines, while South American farmers see a huge new market for their crops and produce.
Meanwhile, Canada and China have also been making a deal of sorts, what they call a new strategic partnership.
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