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EU Pushes Trade Pacts with Mexico and Mercosur
The European Commission aims to boost trade by up to €49 billion and support 440,000 jobs, while including safeguards to protect sensitive agricultural sectors in the EU.
- On September 3, the European Commission submitted its recommendations to the Council to proceed with finalizing and officially endorsing the EU-Mercosur Partnership Agreement and the updated EU-Mexico Global Agreement.
- These agreements follow over 20 years of negotiations and extensive EU efforts to diversify trade and strengthen ties with Latin American partners amid rising global trade tensions.
- The agreements seek to establish one of the largest free trade areas globally, encompassing more than 780 million people, by eliminating over 90% of tariffs and implementing strong protections for the EU’s vulnerable agricultural industries.
- The EU’s economic future was described as taking a significant step forward through these agreements by the head of the European Commission, who also highlighted the introduction of binding safeguards that allow for the suspension of preferential treatment if import surges occur—considered Brussels’ key concession in the negotiations.
- The agreements must be ratified independently by both the EU legislative bodies and national governments, with the approval process expected to highlight conflicts between the objectives of market liberalization and opposition from agricultural and environmental advocates.
11 Articles
11 Articles
Deutsche Welle
RocketNewsEU-Mercosur trade deal angers farmers, environmentalists
Europe sees the trade deal with the South American regional trading bloc Mercosur as a chance to open new markets and strengthen is hand. But resistance to the deal is unlikely to let up anytime soon.
EU pushes trade pacts with Mexico and Mercosur
The European Union has thrown its weight behind two major Latin American trade agreements, formally launching the ratification process for deals with Mercosur and Mexico despite sustained resistance from agricultural nations and farmers.
France welcomed the guarantees included in the free trade agreement with the Latin American Mercosur countries. In this podcast, the anger of farmers of all sensitivities, a demonstration before the European Parliament and the clarifications of economist Charlotte Emlinger.
The European Commission (EC) has proposed to the Council the signing and conclusion of the EU-Mercosur Partnership Agreement (ASEM) and the EU-Mexico Modernised Global Agreement (AGM). Ursula von der Leyen, President of the EC, stresses that these agreements are important milestones for the economic future of the European Union, which will benefit the agri-food sector with lower tariffs and costs, and others such as financial and telecommunicati…
European Commission ready for trade deals with Latin America
The European Union is nearing final approval of the EU-Mercosur Partnership Agreement (EMPA) with South American countries and the EU-Mexico Modernised Global Agreement (MGA), two long-gestating trade deals that aim to open up new markets for European businesses. The European Commission presented the final version of the deals, which will require the Council and Parliament’s […]
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