European Union and Mercosur trade bloc announce...
MONTEVIDEO, Uruguay (AP) — The European Union on Friday finalized a blockbuster free trade agreement with Brazil, Argentina and three other South American nations in the Mercosur trade alliance, a long-awaited breakthrough despite fierce opposition from France that caps a quarter-century of on-off negotiations. The accord would create a market of over 700 million people, nearly 25% of the world’s gross domestic product, and save businesses an estimated 4 billion euros ($4.26 billion) in duties each year. From Uruguay,...