Mercosur has signed a trade deal with four European nations.

South America’s Mercosur bloc signed a free trade agreement with Iceland, Liechtenstein, Norway, and Switzerland, creating a zone of nearly 300 million people and a combined GDP of over $4.3 trillion. The deal, covers goods, services, investment, and intellectual property, and is expected to lower prices on products like Swiss chocolate and South American beef. The agreement also is meant to signal Mercosur’s willingness to align with EU standards.

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https://apnews.com/article/mercosur-europe-trade-eu-tariffs-640e0a5189a0e5fb882a178608369c16