Mercosur and Canada near free-trade agreement with April talks - Reuters

Mercosur and Canada are moving toward a free-trade agreement, with talks scheduled for April to finalize the deal. Mercosur, the South American trade bloc comprising Argentina, Brazil, Paraguay, and Uruguay, has been negotiating with Canada to eliminate or reduce tariffs and expand market access between the regions. A completed agreement would create a significant trade corridor linking two major commodity-producing regions and reduce costs for businesses and consumers on both sides. The April timeline suggests both parties are close to resolving outstanding differences, likely involving agricultural products, manufacturing, and services. Completion of the deal would mark a major trade expansion for Mercosur beyond its traditional partners and represent Canada's deepening engagement in Latin American commerce.