What's in the EU-Mercosur Trade Deal and Why Is It Contentious?
European Union countries gave provisional clearance on Friday to a planned EU-Mercosur free trade agreement, the largest trade accord the EU has struck.
TARIFF CUTS, LARGER FARM PRODUCE QUOTAS
Mercosur will remove duties on 91% of EU exports, including for cars, from a current 35% over a period of 15 years. The EU will progressively remove duties on 92% of Mercosur exports over a period of up to 10 years.
Mercosur will also remove duties on EU agriculture-based products, such as the 27% on wines and 35% on spirits...
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