EU and Mercosur Sign Historic Trade Deal
Reading
Talks for this big trade deal started many years ago. The EU and Mercosur will sign this important pact this Saturday.
This is the first major trade deal for Mercosur countries. It creates a big free-trade area with many people.
South American farmers will sell more products in Europe. They will pay less tax on goods like meat and sugar.
Many farmers in Europe did not like this new deal. They worried about cheaper food from South American countries.
European car companies will also gain from this agreement. They can sell more cars and parts in South American markets.
Questions
When did talks for the trade deal start?
Talks for this big trade deal started many years ago.
What will the trade deal create?
It creates a big free-trade area with many people.
Why are some European farmers worried?
They worried about cheaper food from South American countries.
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