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EU Sets Jan. 12 Target to Sign Mercosur Pact as Commission Courts Farm Support

To ease resistance from agricultural lobbies, Brussels proposes early access to roughly €45 billion for farmers in the next EU budget.

Overview

  • EU agriculture ministers meet in Brussels on Wednesday for a special session on the Mercosur accord and the Common Agricultural Policy.
  • EU diplomats say the talks could prepare a Council vote by member states on Friday.
  • In a letter published Tuesday, Ursula von der Leyen proposes unlocking roughly €45 billion for farmers from the next seven-year budget starting in 2028, funds normally released mid-term.
  • France, Italy, Poland and Hungary had assembled a blocking minority over concerns about low-cost agricultural imports, notably meat, though Italy has signaled readiness to shift.
  • The Commission is aiming to sign the pact in Paraguay on January 12, which would create a trading area covering more than 700 million people.