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EU Starts Mercosur Trade Deal Despite France's Opposition
The European Union will start a trade deal with Mercosur. Mercosur includes Argentina, Brazil, Paraguay, and Uruguay in South America.
Trade between the two sides may begin within two months. France strongly opposed this decision. Some European lawmakers challenged the deal in court.
Klear Note — Mercosur is a trade group of four South American countries. Trade deals remove taxes on goods between countries, helping businesses sell more easily.
Key Terms 2
- Mercosur
- A trade group of four South American countries: Argentina, Brazil, Paraguay, and Uruguay.
- provisionally apply
- Start using a trade deal before final approval is complete.