Slow‑motion trade revival

Decades‑long trade talks (e.g., the EU‑Mercosur deal after 25 years) show that multilateral trade agreements can still be consummated as slow, highly conditional bargains rather than quickly collapsing. These belated ratifications matter because they re‑wire supply chains, regulatory alignment, and geopolitical economic ties even if the deals are narrower than originally negotiated. — Ratification of long‑gestation trade pacts signals incremental multilateralism is alive and will have measurable effects on markets, political coalitions, and industrial policy across regions.