EU and Mercosur finalize trade deal after 20 years of negotiations

The European Commission and Mercosur countries have finalized a free trade agreement after over 20 years of negotiations. This deal will create a trade area for 780 million people but requires approval from EU member states. French opposition has emerged, with France seeking to block the agreement. Poland has joined this opposition, while Italy has set conditions for its support. The votes of Ireland, the Netherlands, and Austria are uncertain. Supporters believe the deal will open new markets for Europe, while opponents fear increased competition for European farmers. The agreement is seen as a significant step, but the approval process is expected to be lengthy.