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On June 28, 2019, the European Union became the first major partner to strike a trade agreement with the Southern Common Market (or MERCOSUR) countries of Argentina, Brazil, Paraguay, and Uruguay.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.
African leaders launched the Continental Free Trade Agreement (CFTA) at the June 2015 African Union summit in Johannesburg, South Africa. The target date for finishing CFTA negotiations is 2017.
U.S. agricultural exports to South America nearly doubled in the past four years, reaching a record of more than $8 billion in calendar year 2014.