A recently inked deal between Mercosur and EFTA (European Free Trade Association) will provide more favorable conditions for farmers and exporters in the American bloc member countries—Argentina, Brazil, Paraguay, and Uruguay.
Following its agreement with the EU, Mercosur may strike deals with other European countries.
The announcement of a Mercosur–EU deal is expected to “whet the appetite” of other countries for investment in Brazil and partnerships with the South American bloc, Brazilian Chancellor Ernesto Araújo said Tuesday (Jul 2).
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