Incoming Argentine Administration Supports EU-Mercosur Trade Deal

Outgoing government rejects the deal, while Paraguay leans against it due to strict environmental requirements.

Argentina's outgoing government rejects the EU-Mercosur trade deal, citing negative impacts on manufacturing and agricultural exports.
Incoming Argentine administration, led by President-elect Javier Milei, supports the deal and aims to continue negotiations.
Spain, holding the EU Council presidency, remains hopeful for a successful conclusion of the trade deal by year-end.
Paraguay, taking over the rotating presidency of Mercosur, leans against the deal due to strict environmental requirements imposed by some European nations.
The EU-Mercosur deal, first agreed in principle in 2019, has faced resistance due to environmental concerns and fears of an influx of cheap goods.