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EU Sets Jan. 17 Signing for Mercosur Trade Pact After Council Approval

Supporters say the pact broadens EU market access to a marketplace of about 720 million people.

Overview

  • The European Commission said President Ursula von der Leyen will sign the EUMercosur agreement on Saturday, 17 January.
  • The EU authorized the treaty despite objections from several member states, including France.
  • European Council backing was reported to have cleared the agreement’s final procedural hurdle.
  • Farmer groups mounted protests over fears of increased imports of cheaper beef and other South American products.
  • After more than 25 years of negotiations, proponents argue the deal will boost exports, support Europe’s economy and strengthen diplomatic ties.