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European Commission to Provisionally Apply Mercosur Trade Deal After Mercosur Ratifications
The EU will enact tariff cuts and market access from the Mercosur deal after Argentina and Uruguay's ratifications, despite opposition and pending European Parliament approval.
- On Friday, European Commission President Ursula von der Leyen decided to press ahead with provisional application despite a judicial review by MEPs, after Uruguay and Argentina ratified the Mercosur deal on Thursday.
- Negotiated over 25 years, Mercosur links markets of more than 700 million, driven by global trade shocks from U.S. tariffs and China's restrictions, von der Leyen said.
- A sufficiently large majority—21 of 27 member states—backed the deal despite vocal opposition from France, while beef farmers and the farming lobby warn the pact will depress prices.
- The European Parliament referred the agreement to the European Court of Justice, which could take up to two years, providing the European Commission political cover to act provisionally.
- Supporters say in the coming days, the Commission can provisionally bring the deal into force, opening markets for EU exporters and echoing how CETA was applied in 2017.
225 Articles
225 Articles
Mercosur Provisional Application Sparks Condemnation from Belgian Farmers
Brussels Times reports that FUGEA, a Belgian agricultural union, said in the provisional enactment of the EU-Mercosur treaty without waiting for the democratic and judicial scrutiny from the European Union “is blatant disregard for democratic processes” and farmers’ concerns. The agricultural union describes the move as an unprecedented “power grab” and warns it may strengthen anti-EU sentiment and distrust towards European institutions. FUGEA …
EU to push ahead with Mercosur deal | Northwest Arkansas Democrat-Gazette
BRUSSELS -- European Commission President Ursula von der Leyen said on Friday that she will start to "provisionally implement" a sweeping trade deal with the Mercosur bloc of nations in South America despite not having approval from European Parliament.
The pact may be considered fully concluded only when the European Parliament gives its consent.
Emmanuel Macron has assured that he will never defend "an agreement that is lax about what is important and hard about what is being produced at home".
It was decided by the European Commission, but only on a provisional basis while waiting for Parliament to vote: it is a long story
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