
DW News · Feb 27, 2026 · Collected from RSS
The trade deal with a South American bloc, which had been in the works for over 25 years, was formally signed in January. It nevertheless remains contentious, with bloc members like France staunchly opposed to it.
The European Commission will "proceed with [the] provisional application" of the Mercosur trade deal with Argentina, Brazil, Paraguay and Uruguay, the commission's chief Ursula von der Leyen announced on Friday. Von der Leyen's announcement came after Uruguay and Argentina ratified the agreement on Thursday, paving the way for its provisional application. "I've said before, when they are ready, we are ready," she declared on Friday. Brazil and Paraguay have yet to ratify the deal but von der Leyen said they are expected to do so soon. The push to implement Mercosur comes as US tariffs and China's hold on critical mineral supplies pushes the 27-nation EU to forge a raft of free trade deals with other nations across the world. The commission's move allows companies in the EU, Uruguay and Argentina to benefit from new customs rules and other advantages before the agreement formally enters into force. The deal was signed in January after over 25 years of negotiations, despite opposition from some European farmers. It is meant to create one of the world's largest free trade zones. This is a developing story. Please refresh for updates.