The EU Mercosul Trade deal. On Friday the 28th of June this year at the G20 summit in Japan a ‘Historic’ Trade deal was announced. This deal was between two trading blocks which represent a quarter of the world's GDP and roughly 780 million people, who will now benefit from Italian Wines, Argentine Steaks, Brazilian Orange Juice and German Cars. The press last weekend made it very clear that this deal was decades in the making. However there had been a spanner thrown