"The European Commission will "proceed with [the] provisional application" of the Mercosur trade deal with Argentina, Brazil, Paraguay and Uruguay, the commission's chief Ursula von der Leyen announced on Friday. The deal was signed in January after over 25 years of negotiations, despite opposition from some European farmers."
"It is meant to create one of the world's largest free trade zones. This is a developing story. Please refresh for updates."
The European Commission announced it will move forward with provisional application of the Mercosur trade agreement involving Argentina, Brazil, Paraguay, and Uruguay. The deal was formally signed in January following over two decades of negotiations. It aims to establish one of the world's largest free trade zones. However, the agreement remains controversial, with significant opposition from European farmers and certain bloc members, including France, who fear negative economic impacts. The provisional application represents a major step despite these persistent concerns about the deal's effects on European agricultural interests.
#mercosur-trade-deal #european-commission #free-trade-agreement #agricultural-concerns #eu-south-america-relations
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]