Overview
- Brazil's Senate approved the accord unanimously after the lower house, making the bloc's largest economy the third Mercosur member to ratify.
- Argentina and Uruguay have already ratified the agreement, while Paraguay's parliament still needs to approve it.
- The European Commission has begun provisional application of the deal pending a legality review by the Court of Justice of the European Union.
- The treaty removes tariffs on more than 90% of EU–Mercosur trade, favoring EU exports like cars, wine and cheese and easing entry for South American beef, poultry, sugar, rice, honey and soybeans.
- Opposition in Europe remains strong, with France seeking safeguards and farmers rolling tractors into Paris, Brussels and Warsaw to protest competitive and standards concerns.