economy
January 18, 2026
Controversial EU free trade pact signed despite farmer outrage
Farmers across the EU have protested free trade with the Mercosur economic bloc, fearing it could boost imports of cheaper food
TL;DR
- EU and Mercosur have sealed a free trade agreement.
- The deal has faced protests from EU farmers fearing increased imports of cheaper food.
- France and Poland opposed the agreement, but a majority of EU countries supported it.
- The agreement aims to create the world's largest free trade zone with over 700 million consumers.
- EU exports to Mercosur reached €55.2 billion, while imports were €56 billion in 2024.
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