
On January 17, 2026, the Mercosur bloc and the European Union (EU) will formalize a comprehensive association and free trade agreement in Asunción, Paraguay, marking the culmination of nearly 26 years of negotiations, according to international and regional news outlets.
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Brazilian President Luiz Inácio Lula da Silva and European Commission President Ursula von der Leyen agreed on Friday that the free trade agreement between Mercosur and the European Union (EU), due to be signed Saturday in Asunción, will benefit global trade, democracy and multilateralism, EFE reported.
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The feasibility of the long-awaited Free Trade Agreement (FTA) between the Southern Common (Market) and the European Union (EU) seems to be just hours away from its all-or-nothing hour, as France, Poland, Hungary, and Ireland have confirmed they would vote against it.
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Brazilian President Luiz Inácio Lula da Silva said on Sunday at the G20 Summit in South Africa that the Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) would be signed on December 20. Lula, who holds the South American bloc's rotating presidency, has made the deal a priority.

The fourth summit between the European Union (EU) and the Community of Latin American and Caribbean States (Celac) kicked off on Sunday in the Colombian city of Santa Marta, amid significant diplomatic friction and a noticeable lack of high-level engagement from both blocs.

France has once again cast a negative note on the proposed Free Trade Agreement between the European Union (EU) and the Southern Common Market (Mercosur). Agriculture Minister Annie Genevard stated emphatically that her country would not sign a deal that condemns its farmers.

Greece's Parliament approved this week a controversial labor reform that allows for an extended workday of up to 13 hours, despite widespread national protests and strikes.

The United States and the European Union have reached a trade agreement that will impose a 15% tariff on most European exports to the US, including automobiles, President Donald Trump announced Sunday after meeting with European Commission President Ursula von der Leyen at the former's golf resort in Turnberry, Scotland.

French companies have been reported to be exploring the relocation of their production to Paraguay, drawn by its maquila regime and strategic geographic location, according to Benoit Libourel, president of the Paraguayan-French Chamber of Commerce.

Venezuela's Foreign Minister Yván Gil rejected his country's inclusion by the European Union (EU) in a list of “high-risk” nations, calling it a “ridiculous” attempt by a “decrepit European elite.”