June 29, 2019 / 3:50 AM / 2 months ago

EU's Juncker says trade deal with Mercosur signals open, fair trade

FILE PHOTO - EU Commission President Jean-Claude Juncker attends a joint news conference with European Council President Donald Tusk at the G20 leaders summit in Osaka, Japan, June 28, 2019. REUTERS/Issei Kato

OSAKA (Reuters) - A new free-trade deal between the European Union and South American countries shows that agreements can be reached and mutually beneficial compromises can be reached, European Commission President Jean-Claude Juncker said on Saturday.

“This deal is a real message in support of open, fair, sustainable and rule-based trade,” Juncker told a news conference on the sidelines of a Group of 20 summit in Osaka, western Japan.

The European Union and South American bloc Mercosur agreed a free-trade treaty on Friday, concluding two decades of talks and committing to more open markets in the face of a rising tide of protectionism.

Reporting by Leika Kihara; Editing by William Mallard

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