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EU Commission Set to Advance Mercosur Trade Deal With New Farm Safeguards

Final approval now shifts to EU governments and lawmakers, with the outcome hinging on whether France can assemble a blocking minority.

Overview

  • The College of Commissioners is expected to adopt the pact today, beginning the formal process before EU member states and the European Parliament.
  • Brussels plans reinforced safeguard clauses for sensitive agricultural products, pledging to act if certain sectors are harmed, without reopening talks with Mercosur.
  • Paris has not given a green light as French farm unions remain opposed, and domestic parties from RN to LFI vow resistance, while MEP Pascal Canfin readies a move to delay the vote.
  • The agreement would open Latin American markets to more EU cars, machinery and spirits and, according to the Commission, save European exporters over €4 billion a year in tariffs.
  • Increased access for South American meat, sugar, rice, honey and soy worries EU producers in beef, poultry, sugar and ethanol, even as Germany presses for swift approval and Brussels targets a deal by end-2025 under Lula’s Mercosur chairmanship.