The South American Common Market (Mercosur) and the European Union announced Friday in Montevideo the final signing of the Free Trade Agreement (FTA) between both blocs, thus creating the largest and most populated commerce zone worldwide. The understanding was reached after 25 years of negotiations and despite France's reluctance.
In one of the last significant moments of his five-year term ending Feb. 28, Uruguay's President Luis Lacalle Pou handed over the rotating chair of the Southern Common Market (Mercosur) to his Argentine colleague Javier Milei as the bloc's 65th Leader's Summit concluded in Montevideo.