02-May-2026
Economy News
 
EU trade deal with South America’s Mercosur bloc takes provisional effect
02-May-2026

The long-awaited trade deal between the European Union and South America’s Mercosur bloc has provisionally come into effect, boosting business ties amid tariff threats and deepening uncertainty around global cooperation. The pact took effect on Friday after 25 years of negotiations, creating one of the world’s largest free trade areas, with 720 million potential consumers and an estimated value of $22 trillion.

News Source:- https://www.aljazeera.com/news/2026/5/1/eu-trade-deal-with-south-americas-mercosur-bloc-takes-provisional-effect
 
 
 

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