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The EU-Mercosur Free Trade Agreement (FTA) has been under negotiation for more than a quarter of a century. Only last month, the EU Commission reached a political agreement on it with the Mercosur countries and is now pushing for its ratification by 2025. Despite the promise of economic and geopolitical benefits, concerns remain about its environmental impact, labour standards, and political transparency. Julie Zalcman, trade campaigner at Friends of the Earth Europe (FoEE), sheds light on these issues and argues that the agreement could perpetuate neo-colonial dynamics while failing to meet the EU's climate and sustainability goals.