Mercosur Don Finally Sign Big Deal With EU, Wetin E Mean?

Na big news wey just drop as Mercosur don finally shake hands with EU after long chai! E take dem more than twenty years to reach this agreement, and wetin we hear be say dis deal go change plenty things for both sides. E mean say dem go fit trade most goods without wahala, as goods go de enter from both sides without plenty taxes.

This agreement dey cover market wey dey reach over seven hundred million people. So, you fit imagine how e go boost trade and make economy dey grow. But make we no carry shoulder too high, because dem still need ratification from European Parliament and other Mercosur members dem. Na wetin we go watch out for as e fit cause some gbege with lawmakers.

Mercosur na company wey get Brazil, Argentina, Paraguay, and Uruguay as full members—Venezuela dey suspended since 2016. From wetin una sabi, e be like say dem wan use this new agreement to counteract the power wey China dey show for global market.

Big men for the bloc don talk say dis agreement go help Brazil increase im exports by about six percent. Argentina sef dey expect ten percent boost for im goods. Omo, dis na sweet gist wey go make them smile for dem farms and factories.

But e no be all smooth sailing o! Other member countries dey argue over how dem go share the benefits, and some no dey too happy about possible influx of cheap imports from Europe. E don dey create small small tension wey fit cause wahala for house.

Some experts dey talk say, na the big countries like Brazil and Argentina still hold the key for Mercosur. If dem fit open dem markets well and no allow internal quarrels hold dem back, then this deal fit shine like diamond. But if dem want fight over who go chop pass, e fit turn bad belle.

At the end of the day, na everybody dey watch as this deal go play out. E go change the face of trade in Latin America and for Europa, but e dey depend on how well dem fit work together. Make we dey shine eye, because the world don dey watch Mercosur and EU action!