EU Approves Long-Awaited South American Trade Deal, Sources Say

Dow Jones01-09

By Edith Hancock and Kim Mackrael

European Union member states approved a landmark trade deal with South American countries that has been roughly 25 years in the making, three people with knowledge of the negotiations said.

The ratification is a positive step for the EU as it grapples with strained trans-Atlantic relations under U.S. President Trump.

Officials in the European Commission--the bloc's executive arm--have been pushing to get the agreement approved this year after striking a deal with Mercosur countries Brazil, Argentina, Paraguay and Uruguay in December 2024.

But the deal--which would create one of the world's largest free-trade areas--has faced opposition from some countries such as France over fears it could hurt the bloc's farmers. The Mercosur agreement would remove tariffs on EU products such as cars and wine, while enabling agricultural goods like beef to enter into the bloc more easily from the South American countries.

Write to Edith Hancock at edith.hancock@wsj.com and Kim Mackrael at kim.mackrael@wsj.com

(END) Dow Jones Newswires

January 09, 2026 06:25 ET (11:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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