EU-Mercosur Trade Deal Takes Provisional Effect Despite Legal Challenge
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The European Union's trade agreement with Mercosur has begun provisional implementation, reducing tariffs and opening new commercial opportunities between the two blocs. The deal covers trade between the EU and the South American trading bloc Mercosur, which includes Brazil, Argentina, Paraguay and Uruguay. However, the agreement's legal validity remains under review by the European Court of Justice, which is examining whether the deal complies with EU law and procedures.