00:00After 25 years of talks, the EU has finally signed a major trade deal with South America's Mercosur nations.
00:10These include Argentina, Brazil, Paraguay and Uruguay.
00:15The deal will create a free trade zone of roughly 700 million people,
00:21gradually eliminating about 90% of tariffs across the industrial, services and agricultural sectors.
00:27We choose fair trade over tariffs.
00:34We choose a productive, long-term partnership over isolation.
00:42Supporters of the deal such as Germany and Spain argue that the EU needs new trade ties away from the US and China.
00:49Critics such as France say the deal threatens European farmers by exposing them to unfair competition from Latin American imports.
00:57The EU is a global
01:10difference.
01:11The EU is nowающая trade trade.
01:12They are producing more than one Bottom Apple.
01:16Everybody is trying to maintain market market market quelleaitv прив willen
01:20infer.
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