Why is France delaying the EU-Mercosur trade vote?

France is delaying the vote due to concerns that current protections for European farmers and consumers are insufficient.

What is the Mercosur trade agreement?

The Mercosur agreement is a proposed free-trade deal between the EU and South American nations, aiming to create a large integrated market.

Which South American countries are part of Mercosur?

The Mercosur bloc includes Argentina, Brazil, Uruguay, and Paraguay.

Home / Business and Economy / France Seeks EU Trade Vote Delay Over Farmer Fears

France Seeks EU Trade Vote Delay Over Farmer Fears

15 Dec

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Summary

France is requesting a delay in the EU vote on a trade deal with South American economies.
Concerns about insufficient protection for European farmers and consumers are cited.
The deal aims to create a large market and diversify trade away from the US and China.

France Seeks EU Trade Vote Delay Over Farmer Fears

France has officially requested a delay in the upcoming European Union vote concerning a free-trade agreement with the Mercosur bloc, which includes Argentina, Brazil, Uruguay, and Paraguay. Prime Minister Sebastien Lecornu indicated on Sunday that the proposed safeguards for European farmers and consumers are currently insufficient, despite pledges from the European Commission. These protections need to be operative, robust, and effective before any agreement can be finalized.

The stalled accord aims to establish an integrated market benefiting 780 million consumers, bolstering the EU's manufacturing sector and Mercosur's agricultural industry. The agreement is also seen as a strategic move to diversify trade relationships, reducing reliance on the United States and strengthening ties in a region where China has become a significant player. However, French and Polish opposition has persisted due to fears of market disadvantage for European agriculture.