European Union and Mercosur close free trade agreement in Uruguay

The European Union and Mercosur concluded a free trade agreement during the summit held in Montevideo, which ended on Friday. teleSUR

Transcript

00:00Mercosur and the European Union have reached an agreement on the disputed free trade deal

00:05at the 65th Mercosur Summit that is underway in the Uruguayan capital of Montevideo.

00:11In this regard, the European Commission announced on Friday that talks on the free trade agreement

00:16have been finalized after more than two decades of negotiations.

00:21The deal now faces a battle for approval in Europe given French and Italian opposition.

00:27The prospect of the agreement was also met with resistance by farmers from different

00:32European countries who will be negatively affected by it.

00:37For her part, while announcing the decision, European Commission President Ulsana Bonderlehen

00:42expressed the deal was a win-win for both Europe and the Mercosur member states.