The European Union and the Mercosur countries (Argentina, Brazil, Uruguay and Paraguay) have signed the most far-reaching trade agreement in history, after almost two decades of negotiations.

The pact, aimed at bolstering political and economic relations in both regions, will benefit numerous sectors, mainly the automobile and agricultural-food industries, especially in terms of tariffs.

This unprecedented rapprochement between Europe and South America will entail new business opportunities and a greater access to assets and services. Once the agreement is in place, we will witness the integration of a market of almost 800 million people.