MOSCOW, July 1 (HS/RIA Novosti) - Germany will launch the formal ratification process for the free trade agreement between the European Union and South American bloc Mercosur in July, the German Foreign Ministry said.

Germany remains committed: we will start ratification next month & push for full application, the ministry said in a statement on X on Tuesday.

The ministry also added that two months after the start of provisional application, the agreement is already building momentum.

The European Union and Mercosur signed a free trade agreement on January 17, but the document requires the approval of the parliaments of all EU member states for it to enter into full force.

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Hindusthan Samachar / Indrani Sarkar