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EU's Juncker says trade deal with Mercosur signals open, fair trade

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By Euronews  with REUTERS BUSINESS (EN)
EU's Juncker says trade deal with Mercosur signals open, fair trade

A new free-trade deal between the European Union and South American countries shows that agreements can be reached and mutually beneficial compromises can be reached, European Commission President Jean-Claude Juncker said on Saturday.

"This deal is a real message in support of open, fair, sustainable and rule-based trade," Juncker told a news conference on the sidelines of a Group of 20 summit in Osaka, western Japan.

The European Union and South American bloc Mercosur agreed a free-trade treaty on Friday, concluding two decades of talks and committing to more open markets in the face of a rising tide of protectionism.

Read more: Macron says EU-Mercosur trade deal meets French demands