EU-LatAM I EU and MERCOSUR Reach Political Agreement on Groundbreaking Partnership

After decades of negotiations, the EU and Mercosur finalised negotiations for a groundbreaking EU-Mercosur partnership agreement. This agreement comes at a critical time for both sides, presenting opportunities for major mutual gains through strengthened geopolitical, economic, sustainability and security cooperation. The proposed EU-Mercosur agreement is composed of a political and cooperation pillar, and a trade pillar. The end of negotiations constitutes the first step in the process towards conclusion of the agreement. Following final legal scrubbing by both sides, the text will be translated into all official EU languages, and then submitted to the European Council and European Parliament. Read more.