EU Finalizes Controversial Mercosur Trade Deal After Decades of Talks
The EU has announced plans to 'provisionally implement' a major trade agreement with the South American Mercosur bloc, despite ongoing opposition from some member states.
After more than 25 years of complex negotiations, the European Union has announced plans to provisionally implement its controversial trade deal with the Mercosur bloc of South American nations. The agreement, which was formally signed in January, has faced staunch opposition from some EU member states, notably France, due to concerns over environmental protections and the impact on European farmers.
The EU's move to provisionally implement the deal means that many of its provisions will begin to take effect, even as the ratification process continues within the individual member states. This process could take several more years to complete, as the deal must be approved by all 27 EU members as well as the national parliaments of the Mercosur countries - Argentina, Brazil, Paraguay, and Uruguay.
{{IMAGE_PLACEHOLDER}}Source: Deutsche Welle
