On Friday, European Commission President Ursula von der Leyen announced that the European Union would begin temporarily applying the free trade agreement signed with Mercosur, a group of South American countries, despite ongoing legal challenges at the European Court. This decision comes after Argentina and Uruguay ratified the agreement, with Brazil and Paraguay expected to follow suit shortly. The accelerated timeline means that the agreement will come into effect sooner than initially planned, as discussions and paperwork proceed in the background.

Von der Leyen emphasized that the EU is ready to implement the agreement in response to the readiness of its South American partners, stating, "I have previously said that when they are ready, we are also ready." However, she noted that full implementation of the agreement would still require approval from the European Parliament. The Commission's actions reveal a commitment to international trade despite legal uncertainties and domestic considerations.

As the agreement moves forward, the European Commission aims to work closely with all EU institutions, member states, and stakeholders to ensure a smooth and transparent process. The strategic importance of this trade deal could enhance economic ties and increase collaboration between Europe and South America, influencing global trade dynamics depending on the outcomes of such agreements and their reception in both regions.