US Edition
Fate of Major Trade Deal with EU Hangs over Mercosur Summit
- Leaders of the Mercosur bloc, including Argentina and Brazil, are meeting this week in Buenos Aires amid tensions and a stalled EU trade deal.
- The summit follows Brussels’ December deal with Mercosur to create a 700-million-customer free-trade area, but France opposes ratification over agricultural and environmental concerns.
- Mercosur faces strained relations between Brazil and Argentina, worsened by Argentina's President Milei seeking a separate US trade deal and opposing Mercosur's trade restrictions.
- Ariel Gonzalez Levaggi said, 'Today, the ball is in Europe's court,' noting that French resistance hinders progress despite the deal being well advanced, according to EU spokeswoman Paula Pinho.
- The summit’s outcomes will shape Mercosur’s future trade integration, with experts expecting the bloc to endure tensions but uncertain if the EU deal or Milei’s US talks will succeed.
75 Articles
75 Articles
The Commission decided to take more time before submitting for ratification to the Member States and the European Parliament the trade agreement it concluded with the South American countries in December 2024.
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Critics warn against the negative consequences of the planned EU trade agreement with the Mercosur states for South America. A conversation with Bettina Müller, speaker for trade and investment policy at Power-Shift e. V.
In the debate on an already provisionally signed trade agreement with the South American Mercosur countries, the EU Commission intends to publish the final version "soon".
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