Euronews.
By Peggy Corlin
Published on 17/01/2026 – 17:58 GMT+1 •Updated 18:51
After 25 years of talks, the EU signed the EU-Mercosur trade deal on Saturday, creating a 700 million-person free-trade area. Ratification is still pending, however, with the European Parliament set for a heated debate.
EU chief Ursula von der Leyen on Saturday hailed the choosing of “fair trade over tariffs” as the European bloc signed a major trade deal with South America’s Mercosur nations that has been 25 years in the making.
“We choose fair trade over tariffs, we chose a productive long-term partnership over isolation,” Von der Leyen said at the ceremony in Asuncion, Paraguay.
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