FREE TRADE IN PROGRESS IN THE WORLD - DESPITE OF TRUMP

This week from Jan. 12, 2026, the very important partnership and trade agreement between the EU and the South American Mercosur is being signed. This is a cooperation from 1991 between Brazil, Argentina, Uruguay and Paraguay. Bolivia is on its way to joining this cooperation. These countries have 270 million inhabitants. With the EU's population, it is a free trade area of ​​a total of 700 million people - the largest in the world to date.

The agreement removes 91% of the customs duties on EU exports to Mercosur and 92% of the customs duties on Mercosur's exports to the EU. Trade is worth €111 billion per year (or DKK 827 billion). In addition, the EU currently has €390 billion in investments in the Mercosur countries.

This is of course a very important economic and trade agreement for both parties.

But it is also a politically very significant initiative. Not least in these Trump days, when he and the USA mainly use tariffs and other old-fashioned protectionist measures in trade with other countries. Here the EU and South America show that they continue to want to promote free trade – and their close cooperation.

Previously, the EU has concluded similar free trade agreements with, among others, Canada, Japan, South Korea, Singapore, Vietnam, New Zealand, Chile and Mexico.

And the EU is in the process of finalizing negotiations on similar new free trade agreements with, among others, India, Indonesia and Australia.

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