Uruguay and Germany Highlight Importance of EU-Mercosur Agreement

Uruguayan President Yamandú Orsi and German President Frank-Walter Steinmeier emphasized the significance of the European Union (EU) and Mercosur agreement on March 2, 2025, in Montevideo. Orsi stated that the agreement is a foreign policy priority for Uruguay and marks a milestone in international relations, offering trade and investment opportunities. Steinmeier acknowledged Uruguay's commitment to multilateralism and noted the agreement's potential to create one of the world's largest free trade zones, with over 715 million people. He also highlighted the potential for billions of euros in savings through tariff elimination.