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European Union and Mercosur Countries Finalize Trade Agreement

Ursula von der Leyen, President of the European Commission, alongside leaders from Brazil, Argentina, Paraguay, and Uruguay, has completed negotiations for a significant EU-Mercosur partnership agreement. This deal aims to enhance agricultural exports, uphold high food safety standards, and promote sustainability through commitments to halt deforestation. It includes €1.8 billion in support for equitable transitions in Mercosur countries and offers European companies considerable savings in export duties. The agreement awaits legal finalization and approval by the EU Council and Parliament.

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