A big trade deal between the EU and Mercosur is now finished. It took 25 years to finish. The deal was signed in Paraguay. This is good news for Cyprus. It will help the country's economy. It also gives people more choices.
Cyprus's Minister Michael Damianos said the deal is good. He said it will help trade and services. The European Commission President Ursula Von der Leyen agreed. She said, "We choose fair trade."
The deal will help Cyprus get important things. Cyprus buys soybeans from Argentina. It also buys coffee from Brazil. The deal will make these easier to get. Prices may become more stable.
The deal also helps with sea travel. This is good for Cyprus. The EU wants to find new markets. This makes EU economies stronger.
Some groups worry about the deal. They worry about farming and the environment. But EU leaders say the deal is fair. This deal can bring good connections and a strong economy for Cyprus.