00:00Mercosur is a South American trade bloc comprised of Argentina, Brazil, Paraguay and Uruguay.
00:07The agreement with the EU will create a market of 780 million consumers, representing 25%
00:16of world trade.
00:17Many European products now pay high export tariffs to the Mercosur bloc, such as cars
00:25wine and spirits up to 35%, cheese 28%, machinery up to 20%.
00:33With the deal, those tariffs will be eliminated or significantly reduced.
Comments