- The EU and Mercosur have signed a trade agreement after 25 years of negotiations.
- The agreement establishes a free trade zone covering a population of over 700 million.
- Concerns exist within the EU regarding potential impacts from increased agricultural imports.

A: Hey Hana, did you hear about something big happening in trade?

B: No, Kenji! What's up?

A: The EU and South America – they finally signed a trade deal! It took *forever*, like over 25 years!

B: Wow, really? That's a long time! So, what does it mean?

A: It's a huge deal! They’re making a free trade zone. It means lots of countries will trade without high taxes.

B: That sounds good! How many people are involved?

A: Over 700 million! Imagine that! It’s happening in Paraguay right now. Mercosur is the South American group – Brazil and Argentina are part of it.

A: The EU wants to trade with more places, you know? Because of what Trump did with taxes.

B: Ah, I see. He caused a bit of a problem, huh?

A: Exactly! The EU leader said they want *fair* trade, not taxes. They want to work together for a long time.

B: That’s a nice message. But I heard some countries in the EU aren’t so happy about it.

A: Yeah, some are worried about cheaper food coming from South America. They're a bit nervous!