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Italy Backs the EU-Mercosur Agreement
5 Articles
5 Articles
The trade agreement concluded in December should eliminate duties on more than 90% of Community exports but some countries fear competition in agriculture
After 25 years of negotiations, the College of European Commissioners approved this Thursday (03/09) agreement to create the world's largest economic blockade, with more than 700 million people.
The EU is closer to the planned free trade area with the South American Mercosur countries. On Wednesday, the Commission initiated the final voting procedure in the EU. The agreement is also seen as a response to Donald Trump's customs policy. However, it is not clear whether the deal will find the necessary majority.
Italy backs the EU-Mercosur Agreement
Decoding the news. The move, reported by several Italian media, positions Rome as a constructive player in European trade policy during heightened global tensions. Latin American markets — from Brazil to Argentina — have become more accessible to key sectors of Italian excellence, from advanced manufacturing to automotive. It strengthens ties with strategic South American partners, consistent with the government’s broader international outreach…
The European Commission will present today the legal texts of the association and free trade agreement which Brussels concluded in December with the Mercosur countries, but which still needs the approval of the Twenty-Seven – with reservations like that of France – and of the European Parliament to be ratified by the European Union.
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