European Officials Prepare to Sign Historic Trade Accord with Mercosur in Paraguay
European officials will travel to Paraguay this Saturday to sign a landmark trade deal with Mercosur. The agreement follows 25 years of intense negotiations.
Insights:
Officials from the European Union 
EUare scheduled to travel to Paraguay 
PYon Saturday, January 18, 2026, to sign a free trade agreement with the Mercosur bloc consisting of Argentina 
AR, Brazil 
BR, Paraguay, and Uruguay 
UY. The signature marks a historic procedural milestone that concludes 25 years of negotiations, yet it does not represent the final implementation of the deal. The trade agreement would slash tariffs with the goal of expanding goods trade worth 111 billion euros in 2024. However, the accord still requires the consent of the European Parliament and ratification by all member states of both the European Union and Mercosur before it can fully take effect.
EUare scheduled to travel to Paraguay PYon Saturday, January 18, 2026, to sign a free trade agreement with the Mercosur bloc consisting of Argentina AR, Brazil BR, Paraguay, and Uruguay UY. The signature marks a historic procedural milestone that concludes 25 years of negotiations, yet it does not represent the final implementation of the deal. The trade agreement would slash tariffs with the goal of expanding goods trade worth 111 billion euros in 2024. However, the accord still requires the consent of the European Parliament and ratification by all member states of both the European Union and Mercosur before it can fully take effect.
