"The deal is expected to be approved with the necessary majority, although that will be without the support of some key players. France's President Emmanuel Macron confirmed late Thursday that his country would not be backing the treaty, saying France's political forces were "unanimous" in their rejection of the deal. "France is favorable to international trade, but the EU-Mercosur agreement is an agreement from another age, negotiated for too long on bases that are too outdated," Macron said in a post on X."
"The deal seeks to diversify trade amid US tariffs and would bring EU member states closer to Brazil, Paraguay, Argentina and Uruguay, by removing import tariffs on more than 90% of products. The EU says businesses in the bloc stand to save billions worth of duties each year and that it will help exports of vehicles, machinery, wines and spirits to Latin America."
Representatives of EU member states are meeting in Brussels to finalize a Mercosur free trade agreement with Brazil, Paraguay, Argentina and Uruguay. The proposal requires approval from at least 15 of 27 states representing 65% of the EU population. The deal is expected to reach the necessary majority but faces opposition from some significant members, notably France, Italy and Poland. If ratified, the agreement would remove import tariffs on over 90% of products, potentially saving EU businesses billions in duties and boosting exports of vehicles, machinery, wines and spirits to Latin America. Previous signing was postponed due to resistance.
Read at www.dw.com
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