Historic trade deal signed between EU, South America


The European Union and South America’s economic bloc Mercosur have signed a historic trade deal.

The agreement will cut or remove trade tariffs in a bid to make imported goods cheaper. 

At the same time, it’s also hoped that exports will be boosted for South American and European companies. 

The  dead is expected to create market for goods and services for nearly 800 million consumers. 

The Mercosur bloc consists of Argentina, Brazil, Uruguay and Paraguay.

The deal comes after more than 20 years of negotiations between the two sides. 

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast Night Cap

    8:00pm - 9:00pm

    When business at breakfast just isn’t enough… we bring you an extra helping of broadcasting favourites, Malcolm Taylor, Brandy Scott and Richard Dean!

  • The Night Shift with Mark Lloyd

    9:00pm - 12:00am

    Musicians and music, entertainers and entertainment, industry gossip and songs selected by you, get ready to bring your night time to life!

On Dubai Eye

  • Tony Robbins Live in Dubai

    Najahi Events presents the highly anticipated Tony Robbins Event, Achieve the Unimaginable with Celebrity Guest Appearances, Live at the Coca Cola Arena, 3rd September.

  • Farmer's Kitchen

    Welcome to Farmer's Kitchen, the brand new show for foodies on Dubai Eye 103.8.

  • Brandy Scott Signs TV Deal!

    Brandy Scott's novel, 'Not Bad People' will be adpated for television. Watch her interview here.