The Mercosur-European Union association agreement is set to provisionally take effect this Friday, culminating over 25 years of negotiations. This landmark deal is one of the world's most ambitious trade agreements, initiating immediate tariff reductions on a vast majority of products from both blocs. While final ratification is still pending, its provisional implementation marks a significant economic opening.

<p> <img alt="The accord was signed on January 17th in La Asunci&oacute;n, Paraguay" height="80" src="https://en.mercopress.com/data/cache/noticias/109982/100x80/firma-del-acuerdo-1-.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> The association agreement between Mercosur and the European Union (EU) enters provisionally into force on Friday May 1, after more than a quarter-century of negotiations, in what constitutes one of the world's...