Global Economy News
LAST UPDATE: September 29, 2025
Spain expects Mercosur agreement to be ratified by the end of the year
Spain’s Economy Minister said the EU–Mercosur trade deal is likely to be ratified by year-end, featuring reciprocal tariff reductions (91% of EU, 92% of Mercosur exports). (Reuters)
Insight
The timing suggests a push to solidify trade ties ahead of elections; resistance from member states (e.g. France) remains a major bottleneck.
