EU and Mercosur provisionally implement free trade pact

14 articles · Updated · Reuters · Apr 30

The deal takes effect on 1 May after the European Commission pressed ahead despite a January European Parliament court challenge that could take up to two years.
Supporters including Germany and Spain say it can cushion exporters from Donald Trump's tariffs and cut dependence on China, while France, farmers and environmentalists warn over beef, sugar and rainforest damage.
Economists say gains will be modest: the Commission estimates a 0.05% EU GDP boost by 2040, far short of offsetting a projected 15% export hit to the US and 0.3% GDP loss.

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