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EU and Mercosur poised to finalize contentious trade agreement amid opposition
The EU and Mercosur are set to finalize a contentious free trade agreement after over 20 years of negotiations, with a political announcement expected in Montevideo. However, the deal faces significant hurdles in Europe, particularly from France and other member states concerned about agricultural imports and environmental standards. Supporters argue it is crucial for diversifying trade and accessing South American markets.
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