The long-awaited trade agreement between the European Union and South America's Southern Common Market (Mercosur) has entered into provisional effect, driving forward bilateral economic and trade relations amid escalating U.S. tariff threats and rising global cooperation uncertainties. After 25 years of negotiations, the accord officially came into force on Friday, forming one of the world's largest free trade zones, covering 720 million potential consumers and an economy worth approximately $22 trillion. However, due to ongoing challenges within the EU's judicial system, the agreement is currently only in provisional application. The core controversy centers on EU Commission President Ursula von der Leyen bypassing the European Parliament to push the agreement into provisional implementation. If the EU judiciary rules the agreement invalid, its implementation will be suspended.
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Original article: toutiao.com/article/1864048962634954/
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