Klarnachrichten

New Trade Between Europe and South America

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The EU and South American states work closer together. They made a big deal. It is called Mercosur. This deal starts on May 1 for now. This is called a temporary start.

The deal makes trade simpler. Companies pay fewer taxes on goods. This is true for cars from Europe. It is also true for meat from South America.

Politicians talked for many years. There was much fighting about the deal. Some people fear for nature. Others worry about farmers in Europe.

The EU Commission confirmed the date. Only parts of the deal apply first. This is a temporary use. Later all countries must accept the deal fully.

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Definitions

Trade Deal
This is a contract between countries. They talk about buying and selling goods. It usually sets lower taxes for products.
EU Commission
This is the government of the European Union. It suggests new laws. It also checks if rules are followed.
Mercosur
This is a group of countries in South America. For example, Brazil and Argentina belong to it.

Locations

Europe
This is a continent with many countries. Germany and Austria are part of it.
South America
This is a continent in the south of America. It has countries like Brazil.

Sources

Logo ORF
ORF

Kommission: Mercosur tritt am 1. Mai vorläufig in Kraft

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Logo Die Zeit
Die Zeit

EU-Kommission: Mercosur-Handelsabkommen tritt am 1. Mai vorläufig in Kraft

Read now
Logo Kurier
Kurier

Am 1. Mai: Mercosur-Abkommen tritt vorläufig in Kraft

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Logo Der Standard
Der Standard

Mercosur-Handelsabkommen tritt mit 1. Mai vorläufig in Kraft

Read now