A major trade pact is nearing completion. This agreement is expected to greatly improve market access and create more predictable rules for businesses. Tariffs on a significant portion of goods will be eliminated or reduced once the pact is implemented.

The European Commission has taken a key step by submitting proposals for the agreement's signature. This move follows the conclusion of negotiations announced earlier.

Further details about the agreement's potential impact are available, including the expected effects on trade barriers and tariffs.