Paraguay Signs EU–Mercosur Pact, Finalizing Bloc's Unified Trade Agreement
March 18, 2026
Paraguay has formally joined the EU–Mercosur free trade pact, following rapid ratifications by Brazil, Argentina, and Uruguay, and becomes the last of Mercosur’s founders to sign on.
The unanimous ratification by Paraguay’s Chamber of Deputies completes the treaty’s entry into force for all four Mercosur founding members and marks Paraguay as the final adopter from the bloc.
Paraguay’s Chamber of Deputies unanimously approved the agreement after a nine-hour session, sending it to President Santiago Peña for signature.
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Summary based on 10 sources
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Sources

AP News • Mar 18, 2026
Paraguay ratifies Mercosur-EU free trade deal | AP News
Devdiscourse • Mar 17, 2026
Historic Free Trade Zone Ratified: Uniting Mercosur and the EU
