EU-Mercosur trade deal as a “win-win agreement” that can save EU companies 4 billion euros ($4.24 billion) worth of export duties per year. Meanwhile, Kaja Kallas, the EU’s foreign policy chief, singled out the importance of access to critical raw materials in her statement on the trade deal. “For Europeans, it opens up a vast region to freely trade with, including access to critical raw materials, and diminishes the risk of competitors replacing us in our absence,” Kallas said on Friday.