EU and South America Seal Vast Trade Deal After 25-Year Wait

European Union governments have approved a landmark free trade agreement with the South American bloc Mercosur. The decision on Friday paves the way for the EU to sign its largest-ever trade deal. Negotiations began more than a quarter-century ago. The provisional agreement follows months of intense talks. EU officials needed to secure enough support from member states to move forward. The Mercosur group includes Argentina, Brazil, Paraguay, and Uruguay. The deal aims to reduce tariffs and increase trade between the two regions.