EU-Mercosur Trade Deal Falters, Raising Concerns for Future Prospects
The EU's trade chief has cancelled a planned trip to Brazil as the prospects of a trade deal between the EU and Mercosur continue to fade. The cancellation comes amid concerns over deforestation in the Amazon rainforest and the lack of commitment from Brazil to address the issue. The EU has been under pressure from environmentalists and lawmakers to abandon the trade deal due to Brazil's environmental policies.