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Coordinador: Dr. Óscar Ugarteche Galarza Web master:Dr. José Carlos Díaz Silva Abril, 2026 |
The European Union has trade agreements with over 100 countries. It hopes to sign 50 additional agreements in the coming years. Meanwhile, the EU–US trade agreement promoted by Trump in July 2025 has been suspended. This is due to Trump’s tariff announcements after the agreement, the Supreme Court’s ruling on tariffs, and the threat to annex Greenland.
After more than 30 years of negotiations, the EU-Mercosur Free Trade Agreement was initially signed on 17 January 2026 (ratification). Almost 800 million people and more than 30 nations are involved in what will be one of the most important free trade agreements globally. However, the treaty is the subject of considerable controversy, with questions about whether the free trade agreement benefits all these people and whether they participate equally in it. Faced with a United States that uses tariffs as an aggressive trade policy, several countries are changing the direction of their trade, such as Mercosur, which has agreed to a free trade agreement with the European Free Trade Association
The European Free Trade Association-Mercosur Agreement and its political and economic significance
