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The EU-Mercosur agreement will have winners and losers – but it won’t make a major economic impact

By Sergi Basco, Profesor Agregado de Economia, Universitat de Barcelona

On January 17, representatives of the EU and the Mercosur (Argentina, Brazil, Paraguay and Uruguay) will sign a free trade agreement in Paraguay. The accord, 25 years in the making, will create the world’s largest free trade area, with over 700 million consumers and a total trade volume of over €111 billion in 2024.

The agreement has broad support from the continent’s business community, but it…

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