"EU and Mercosur officials signed the free trade agreement at the weekend, but there is a lot of red tape to get through before it comes into force"
"Top EU officials travelled to Paraguay on Saturday to sign a free trade agreement with South American bloc Mercosur, paving the way for the European Union's largest ever trade accord after 25 years of negotiations."
"But the signature will not mark the end of the long-running saga."
EU and Mercosur officials signed a free trade agreement at the weekend. The signing took place in Paraguay, with top EU officials travelling there on Saturday to conclude the agreement with the South American bloc. The deal is set to become the European Union's largest ever trade accord after 25 years of negotiations. The signature initiates a process that still requires extensive administrative and legal steps. A lot of red tape remains to be cleared before the agreement can come into force. The signature therefore does not immediately implement the deal or end the long-running saga.
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