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EU Advances Trade Agreements With MERCOSUR and Mexico - teleSUR English

Summary by Telesur
The agreements require approval by the European Parliament and EU member states before they can enter into force. On Wednesday, the European Commission proposed moving forward with two major trade agreements for approval, aimed at expanding the European Union’s global trade network to offset U.S. tariffs and strengthening its presence in Latin America. RELATED: Lula Urges MERCOSUR to Adopt Local Currencies for International Trade Payments The EU…

7 Articles

Mexico City.- After nine years of negotiations, the Global Modernised European Union (EU)-Mexico Agreement entered the final stage of its approval process. The European Commission (EC) formally proposed to the European Council its signature, as well as that of the EU-Mercosur Partnership Agreement. "Our agreements with Mercosur and Mexico are important milestones for the economic future of the EU. We continue to diversify our trade, foster new p…

In a statement, the FEV has recognized that "Brazil and Mexico cannot compensate for the losses that can occur in the US market as a result of tariffs" but "they are markets with enormous potential for Spanish wine."The general director of the Federation, José Luis Benítez, has pointed out that "market diversification must be an essential part of the international strategy of Spanish wineries" and without a doubt, this agreement is a "great step…

It presents a proposal to begin implementing the trade part, which would not require the approval of each State, and strengthens the safeguard clauses for countries in case of damage to their sectors to satisfy France.

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Business Plus broke the news in on Wednesday, September 3, 2025.
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