EU-Mercosur trade accord to apply provisionally

The European Union's free trade agreement with the South American bloc Mercosur is set to be provisionally applied starting May 1. This development marks a significant step towards closer economic ties between the two regions. The provisional application allows key provisions of the accord to take effect before final ratification by all member states. This move is expected to foster increased trade and investment, potentially reshaping economic relationships and creating new opportunities for businesses operating within both the EU and Mercosur countries.