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Crunch Time for EU's Long-Stalled Mercosur Trade Deal
Irish Government's decision on the EU-Mercosur deal faces farmer opposition amid risks of market distortion and promises of boosting EU exports by up to 39%, officials said.
- On Friday, the Irish Government will decide whether to support the EU-Mercosur trade deal at the European Council, with Brussels facing a possible go-ahead despite some member states' opposition.
- Member-State resistance, including from France, led to the EU decision delay in December due to opponents warning the deal could distort agricultural markets with cheaper South American imports.
- The agreement aims to open a free-trade zone, increasing EU exports to Mercosur countries by up to 39% at a value of 49 billion, and removing tariffs on over 90% of products, saving EU businesses four billion annually.
- Minister of State Michael Healy-Rae told colleagues he plans to attend a farmers protest in Athlone on Saturday amid opposition from Independent ministers and TDs within the coalition as senior government figures prepare a collective decision.
- Brussels has offered concessions including plans for a 6.3 billion euro crisis fund, and country representatives will likely ink the pact in Paraguay next week.
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Crunch time for EU's long-stalled Mercosur trade deal
The EU is expected Friday to give a long-delayed go ahead to a huge trade deal with South American bloc Mercosur championed by business groups but loathed by many European farmers.
·Cherokee County, United States
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On Friday, Member States will vote whether they create the world's largest free trade area – or give the EU a geopolitical fiasco.
·Vienna, Austria
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Coverage Details
Total News Sources37
Leaning Left6Leaning Right5Center13Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 25%
C 54%
R 21%
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