EU to provisionally apply South American trade deal

The European Union will begin provisionally applying its trade agreement with South American nations starting May 1, even as the ratification process continues among member states. This interim application allows for the immediate implementation of key provisions of the accord, fostering closer economic ties and trade flows between the two regions. The move aims to accelerate the benefits of the agreement while legislative procedures are finalized. It signifies a commitment to strengthening transatlantic commerce and cooperation, potentially opening new markets for businesses on both sides and stimulating economic growth.