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EU Mercosur Pact Stalled by National Politics, Delaying Ratification
world1 month ago

EU Mercosur Pact Stalled by National Politics, Delaying Ratification

The European Commission’s bid to prevent a freeze on the EU–Mercosur deal failed as the European Parliament voted to seek an opinion from the Court of Justice of the EU, delaying ratification for 18–24 months. The result exposed deep national-political fault lines across member states, with swing MEPs and farmers’ concerns driving departures from party lines, illustrating how domestic politics outweighed the Commission’s global-trade agenda.

via politico.eu|
#court-of-justice-of-the-eu#european-parliament#european-union
EU and Mercosur clinch sweeping free-trade pact amid shifting world trade
world1 month ago

EU and Mercosur clinch sweeping free-trade pact amid shifting world trade

After more than 25 years of talks, the European Union and Mercosur signed a landmark free-trade agreement in Asunción, aiming to eliminate over 90% of tariffs and create one of the world’s largest tariff-free zones for about 700 million consumers, though ratification by the European Parliament and farm-lobby objections remain potential hurdles amid ongoing geopolitical competition with the U.S. and China.

via PBS|
#agriculture#eu#freetradeagreement
EU-Mercosur trade pact signed after 25-year push, faces Parliament hurdle
world1 month ago

EU-Mercosur trade pact signed after 25-year push, faces Parliament hurdle

After a 25-year quest, the EU signed a free-trade deal with Mercosur creating a 700-million-person market and phasing out about 90% of tariffs across sectors, with EU firms set to save over €4 billion annually in duties. The pact also opens Mercosur procurement to EU companies, protects 344 European geographical indications and aims to secure critical minerals, reducing dependence on China. But ratification in the European Parliament is contested, with France opposing and Italy securing concessions; safeguards are in place to reimpose tariffs if imports rise beyond 5% in sensitive sectors, including beef (99,000 tonnes at 7.5% tariff) and poultry (180,000 tonnes per year). Projections show EU exports to Mercosur rising about 39% by 2040, while Mercosur imports grow about 17%. The deal now moves to the European Parliament for approval, with a possible court challenge ahead.

via Euronews.com|
#eu#mercosur#parliament
EU-Mercosur seal historic free-trade pact after decades of talks
world1 month ago

EU-Mercosur seal historic free-trade pact after decades of talks

EU and Mercosur signed a free-trade agreement in Asuncion, paving the way for the EU's largest-ever trade pact; it now requires European Parliament approval and ratification by Mercosur members, with about 111 billion euros in 2024 trade and exports split between EU machinery/chemicals/vehicles and Mercosur agricultural goods/minerals/wood pulp, while critics warn of cheap imports and deforestation.

via Reuters|
#agriculture#deforestation#eu
France dodges no-confidence votes, braces for looming budget battle
world1 month ago

France dodges no-confidence votes, braces for looming budget battle

French Prime Minister Sébastien Lecornu survived two no-confidence motions in Parliament filed by the far-right RN and the hard-left LFI over the EU-Mercosur trade deal; both motions failed, allowing the government to turn to the 2026 budget. Debates ahead include possibly invoking Article 49.3 to push the finance bill through without a vote, which could spark further motions of no-confidence. Macron aims for a January budget adoption with the deficit hovering near 5%, while opposition parties and past parliamentary fragmentation keep the process fragile.

via Reuters|
#budget#france#mercosur
Paris tractors pressure EU to rethink Mercosur deal
world1 month ago

Paris tractors pressure EU to rethink Mercosur deal

French farmers blocked central Paris with tractors to pressure the government and the EU over the EU–Mercosur free-trade agreement, arguing it threatens French agriculture with cheaper South American imports. Organized by FNSEA and Jeunes Agriculteurs, protesters planned to stay overnight as talks continue, with a further demonstration planned at the European Parliament in Strasbourg on Jan 20 and government measures tied to the 2026 budget.

via Yahoo Finance UK|
#eu-trade-deal#fnsea#france
EU seals long-awaited Mercosur free-trade pact after 25-year push
world1 month ago

EU seals long-awaited Mercosur free-trade pact after 25-year push

The EU and Mercosur reached a free-trade agreement after 25 years of talks, pending European Parliament approval, in what’s billed as the bloc’s largest FTA. It aims to boost trade and climate goals with safeguards for farmers, anti-deforestation commitments, and a phased tariff liberalization over 15 years, saving EU exporters about €4 billion a year in duties. While praised as a win for multilateralism, critics warn cheaper imports could hit European farmers; ratification and environmental enforcement will be key hurdles.

via BBC|
#deforestation-safeguards#eu#farmers-protests
EU Approves Mercosur Free Trade Agreement with Latin America
world1 month ago

EU Approves Mercosur Free Trade Agreement with Latin America

EU member states have approved the Mercosur free trade deal with South American countries, pending European Parliament approval, despite some countries like France opposing it. The agreement aims to reduce tariffs, boost exports, and strengthen trade relations, with support from Germany and other nations, while facing resistance from farmers and some political leaders.

via dw.com|
#eu#european-union#free-trade