Founding of one of the world's largest economic areas after 25 years of negotiations
After a quarter century of negotiations, a surprising political agreement on the EU-Mercosur pact was reached at the Mercosur Summit in Montevideo on December 6. In an era of growing protectionism and increasing multipolarity, this breakthrough is of central importance. By establishing one of the world's largest trading blocs, the EU, after 25 years of negotiations, creates facts and demonstrates its ability to act. In light of China's investment offensive in the region, this represents an important geopolitical signal. EU member states are now called upon to swiftly ratify and bring the agreement to life.
