The agreement will create one of the largest free trade zones in the world but must be ratified by member states

European and South American leaders say pact sends ‘clear signal’ amid concerns over global tariffs, isolationism.

The agreement took 25 years to negotiate and will create one of the world's largest free trade zones. The deal was signed, despite opposition from some European farmers.

The European Union and the Latin American trade bloc Mercosur signed a contested and long-awaited free trade agreement in Asunción on Saturday. The deal creates one of the world's largest free trade areas,

Officially signed on Saturday, the Mercosur deal is closer than ever to making one of the world's largest free trade zones a reality – 25 years after the European Union first began negotiating it with the South American bloc.

The European Union and South Americas Mercosur bloc have officially signed a historic free trade agreement, marking a major breakthrough after 25 years of negotiations. The deal was signed on Saturday in Asuncion,

European Union and Mercosur sign major deal to create one of world's biggest free trade zones after 25 years of talks.