1st LD Writethru: Mercosur, EU sign free trade agreement in Asuncion
ASUNCION, Jan. 17 (Xinhua) -- The Southern Common Market (Mercosur) and the European Union (EU) on Saturday signed a free trade agreement in Paraguay's capital city of Asuncion, marking the conclusion of 25 years of negotiations toward one of the world's largest trade accords.
The agreement aims to reduce tariffs and expand trade between the two blocs and now awaits approval by the European Parliament, as well a