Europe and South America have a new trade deal. This is a very big deal. It will make the biggest free trade zone. It is for over 700 million people. They will trade more goods.
Many things will be cheaper to buy. Most taxes on goods will go away. This is good for many people. But some people in Cyprus are worried.
Farmers and makers in Cyprus are sad. They sell halloumi cheese. Halloumi is a special cheese from Cyprus. The deal does not protect halloumi. Cheaper food from South America might come. This could hurt their businesses.
Some EU countries did not like the deal. Austria and France were not happy. They did not vote yes.
Cyprus has special wines and ouzo. These are protected in the deal. This is good news. But halloumi is still a problem. People will watch to see how Cyprus helps its farmers.