EU Finalizes Mercosur Trade Deal Amid Strong Opposition
The agreement, 25 years in the making, faces resistance from France and other EU nations over environmental and agricultural concerns.
- The European Commission and Mercosur countries concluded negotiations on a free trade agreement, covering over 90% of tariffs between the two blocs.
- France, Poland, and Italy have expressed strong opposition, citing inadequate environmental safeguards and risks to local agriculture.
- Supporters, including Germany and Spain, highlight economic benefits, such as increased market access for EU industries and reduced dependence on Chinese raw materials.
- The deal includes commitments to combat deforestation and adhere to the Paris Agreement, but critics argue enforcement mechanisms are insufficient.
- The agreement requires ratification by EU member states and the European Parliament, with a potential minority bloc capable of blocking its implementation.