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  1. Global trade is shifting towards South-South corridors, with this trade accounting for 35% of global commerce.

A new trade deal has been reached between Europe and South America, leading to lower import taxes on hundreds of products.

1 report, 1 independent Updated Jun 28
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A new trade deal has been reached between Europe and South America, leading to lower import taxes on hundreds of products.

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  1. Cheap imports from South America are squeezing producers, with Hungary being one of the EU nations mentioned.Sub-event
  2. Trade cooperation between South America and Europe is growing, marked by a new trade deal.1 source

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