The EU-Mercosur trade deal, heralded by EU Commission chief Ursula von der Leyen as a 'win-win', faces significant opposition, particularly from France's President Macron. French agricultural stakeholders express concern that the deal could jeopardize their farmers' livelihoods by enabling cheaper imports under less stringent regulations, especially given South America's track record on environmental issues like Amazon deforestation. While some EU nations support the agreement, it requires backing from a supermajority of member states to be ratified, making its future uncertain amid growing tensions over agricultural practices and trade protections.
Our farmers cannot become an adjustment tool," Macron told reporters at France's Agriculture Show. This is also why we are opposed to the Mercosur accord in the form that it was signed.
The agreement would create a sprawling free-trade zone of more than 700 million people but must be approved by at least 15 of the EU's 27 member nations.
Although negotiations have concluded, the EU-Mercosur deal still needs to be approved, which highlights the divides within the EU on trade agreements.
European farmers express concerns over less stringent regulations in South America and the impact on the Amazon rainforest, crucial for combating climate change.
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