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commerce
shāng yè
商业
·HSK 3

the European Union
Ōu méng
欧盟
and / with
yǔ
与
South America
Nán Měi
南美
trade / commerce
màoyì
贸易
bloc / group
jítuán
集团
Mercosur (South American trade bloc)
Nánfāng Gòngtóng Shìchǎng
南方共同市场
(possessive particle)
de
的
free trade
zìyóu màoyì
自由贸易
agreement / accord
xiéyì
协议
officially / formally
zhèngshì
正式
to take effect / to come into force
shēngxiào
生效
。

the European Union
Ōu méng
欧盟
and / with
yǔ
与
South America
Nán Měi
南美
country / nation
guójiā
国家
trade
màoyì
贸易
bloc / group
jítuán
集团
Mercosur (South American trade bloc)
Nánfāng Gòngtóng Shìchǎng
南方共同市场
between
zhījiān
之间
(attributive particle)
de
的
free trade
zìyóu màoyì
自由贸易
agreement
xiéyì
协议
on (formal time marker)
yú
于
May 1st
wǔ yuè yī rì
五月一日
to take effect
shēngxiào
生效
，
having undergone / after going through
lìjīng
历经
25 years
èrshíwǔ nián
二十五年
negotiations / talks
tánpàn
谈判
。
new
xīn
新
agreement
xiéyì
协议
to cover / to encompass
fùgài
覆盖
approximately
yuē
约
720 million
qī yì liǎng qiān wàn
七亿两千万
consumers
xiāofèizhě
消费者
，
will (future marker)
jiāng
将
to eliminate / to cancel
qǔxiāo
取消
more than / exceeding
chāoguò
超过
90 percent
bǎifēnzhī jiǔshí
百分之九十
(attributive particle)
de
的
bilateral
shuāngbiān
双边
tariffs / customs duties
guānshuì
关税
。

May 4, 2026 at 10:00 AM

the European Union
Ōu méng
欧盟
and / with
yǔ
与
South America
Nán Měi
南美
trade / commerce
màoyì
贸易
bloc / group
jítuán
集团
Mercosur (South American trade bloc)
Nánfāng Gòngtóng Shìchǎng
南方共同市场
(possessive particle)
de
的
free trade
zìyóu màoyì
自由贸易
agreement / accord
xiéyì
协议
on (formal time marker)
yú
于
May 1st
wǔ yuè yī rì
五月一日
officially / formally
zhèngshì
正式
to take effect / to come into force
shēngxiào
生效
。
this (particular) / this very
zhè yī
这一
agreement
xiéyì
协议
having undergone / after going through
lìjīng
历经
25 years
èrshíwǔ nián
二十五年
negotiations / talks
tánpàn
谈判
，
to establish / to create
chuàngjiàn
创建
(completion marker)
le
了
the world
shìjiè
世界
in (used after a noun)
shàng
上
the largest / the biggest
zuìdà
最大
(attributive particle)
de
的
free trade zone / free trade area
zìyóu màoyì qū
自由贸易区
one of (the)
zhī yī
之一
。
new
xīn
新
trade zone / trading area
màoyì qū
贸易区
to cover / to encompass
fùgài
覆盖
approximately
yuē
约
720 million
qī yì liǎng qiān wàn
七亿两千万
consumers
xiāofèizhě
消费者
，
trade
màoyì
贸易
total value
zǒng jiàzhí
总价值
approximately equal to / estimated at
yuēwéi
约为
$22 trillion
èrshíèr wànyì měiyuán
二十二万亿美元
。
agreement
xiéyì
协议
will (future marker)
jiāng
将
to eliminate / to cancel
qǔxiāo
取消
more than / exceeding
chāoguò
超过
90 percent
bǎifēnzhī jiǔshí
百分之九十
(attributive particle)
de
的
bilateral
shuāngbiān
双边
trade
màoyì
贸易
tariffs / customs duties
guānshuì
关税
。
Europe
Ōuzhōu
欧洲
automobiles / cars
qìchē
汽车
、
wine / grape wine
pútaojiǔ
葡萄酒
and
hé
和
cheese
nǎilào
奶酪
will (future marker)
jiāng
将
to gain / to obtain
huòdé
获得
better / improved
gèng hǎo
更好
(attributive particle)
de
的
export / to export
chūkǒu
出口
conditions / terms
tiáojiàn
条件
。
South America
Nán Měi
南美
(possessive particle)
de
的
beef
niúròu
牛肉
、
poultry / poultry meat
qínròu
禽肉
、
sugar
táng
糖
and
hé
和
soybeans / soya beans
dàdòu
大豆
also / too
yě
也
will (future marker)
jiāng
将
more easily / with greater ease
gèng róngyì
更容易
to enter / to access
jìnrù
进入
Europe
Ōuzhōu
欧洲
market
shìchǎng
市场
。
this (particular)
zhè yī
这一
agreement
xiéyì
协议
amid / against (a backdrop of)
zài
在
global / worldwide
quánqiú
全球
trade
màoyì
贸易
protectionism
bǎohùzhǔyì
保护主义
rising / on the rise
shàngshēng
上升
(attributive particle)
de
的
amid the backdrop of / against the background of
bèijǐng xià
背景下
to trigger / to spark
yǐnfā
引发
(completion marker)
le
了
the international community
guójì shèhuì
国际社会
(possessive particle)
de
的
widespread / wide-ranging
guǎngfàn
广泛
attention / concern
guānzhù
关注
。

New Words

Ōu méng
欧盟
European Union
Nánfāng Gòngtóng Shìchǎng
南方共同市场
Mercosur
zìyóu màoyì xiéyì
自由贸易协议
free trade agreement
shēngxiào
生效
to take effect
lìjīng 25 nián tánpàn
历经25年谈判
after 25 years of negotiation
zìyóu màoyì qū
自由贸易区
free trade zone
xiāofèizhě
消费者
consumer
qǔxiāo guānshuì
取消关税
to eliminate tariffs
pútaojiǔ nǎilào
葡萄酒奶酪
wine and cheese
dàdòu
大豆
soybean

News in English

Business

EU-Mercosur Free Trade Agreement Takes Effect After 25 Years

The free trade agreement between the EU and South Americas Mercosur bloc took effect May 1 after 25 years of negotiations. The new agreement covers some 720 million consumers and will eliminate more than 90 percent of bilateral tariffs.

The EU-Mercosur free trade agreement officially took effect on May 1st. This agreement came after 25 years of negotiations, establishing one of the world's largest free trade zones. The new trade zone covers approximately 720 million consumers with total trade value estimated at approximately $22 trillion. The agreement will eliminate tariffs on more than 90 percent of bilateral trade. European automobiles, wine, and cheese will gain better export conditions. South American beef, poultry, sugar, and soybeans will also more easily enter the European market. This agreement has drawn widespread international attention amid rising global trade protectionism.

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