What’s in the historic EU-Mercosur free-trade deal?

What’s in the historic EU-Mercosur free-trade deal?

World leaders met at a G20 summit in Japan amid protectionism concerns, EU Trade Commissioner Cecilia Malmstrom told a news conference the deal sent a “loud and clear message” in support of open trade.┬áEurope will win sharp tariff reductions on goods such as cars and wine and the bloc has its eye on increasing access for its companies making industrial products.Meanwhile, Mercosur aims to increase exports of farm products (99,000-tonne quota of beef at a 7.5% tariff and 180,000-tonne quotas each for sugar and of poultry)