The EU has reached a historic partnership agreement with Mercosur 🇪🇺🇦🇷🇧🇷🇵🇾🇺🇾This is Mercosur’s first deal with a global partner, strengthening cooperation between two of the world’s largest trade blocs.The agreement will boost EU competitiveness by:🔻 Saving EU businesses €4 billion in duties every year🔻 Creating new opportunities for European companies of all sizes by removing prohibitive tariffs on EU exports🔻 Making trade easier and cheaper in strategic net zero industry sectors such as renewable energy technologies and low-carbon fuels🔻 Ensuring a reliable flow of raw materials, critical for the green transition