Together, the EU and Mercosur account for 30 percent of global GDP and more than 700 million consumers. Bolivia is also a member, but was not among the bloc's founders and will not be a party to the pact. In addition to host president Santiago Pena, Uruguay's president Yamandu Orsi will also attend the signing. - 'Historic day' -Lula last week hailed an "historic day for multilateralism" after the EU agreement, in the face of "an international context of growing protectionism and unilateralism." After Saturday's signing, the pact must still be ratified by Mercosur members and the European Parliament, where a majority in favor is still not certain.

Source: Bangladesh Sangbad Sangstha January 15, 2026 02:20 UTC