"Today marks a truly historic milestone," said European Commission President Ursula von der Leyen on Friday in Montevideo, when the EU and the Mercosur trade bloc finalized their deal. She described the agreement as "one of the largest trade and investment partnerships the world has ever seen," and emphasized its significance by stating that it sends a "powerful message to the world" about democracy and cooperation amidst global challenges.
"In an increasingly confrontational world, we demonstrate that democracies can rely on each other," von der Leyen stated, highlighting the importance of this extensive agreement that connects more than 700 million people across Europe and South America. This milestone showcases the potential of international collaboration in the face of challenges posed by political tensions and tariffs.
#eu-mercosur-agreement #trade-deal #international-cooperation #geopolitical-relations #tariff-reductions
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