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EU Trade Deal Faces Farmer Fury Over Mercosur Pact
7 Jan
Summary
- EU Commission seeks approval for a 25-year Mercosur trade deal.
- Italy and France delayed the December signing over farmer concerns.
- The deal requires majority support from 15 EU members representing 65% of the population.
The European Commission is scheduled to address concerns from some EU member states regarding a free trade agreement with the South American bloc Mercosur. This deal, which has been in development for 25 years, could potentially be signed as early as next week. Proponents highlight its significance for export growth and diversifying supply chains for critical minerals.
However, significant hurdles remain. Italy and France previously prevented a December signing due to apprehensions about a surge in agricultural imports. While Italy's support may have been secured following proposed financial aid for farmers, France and Poland continue to express opposition. The Commission requires backing from a majority of 15 member states, representing 65% of the EU's population, to proceed with signing.
Even if member states approve the pact, it will still need to gain support from the European Parliament. French Agriculture Minister Annie Genevard has stated that France will continue to contest the agreement in the Parliament, indicating that the final approval is not yet guaranteed.
