Brussels implements EU-Mercosur trade agreement despite 'brake'
The EU will temporarily implement its trade agreement with Mercosur countries, announced Commission President Ursula von der Leyen, potentially prompting strong backlash from European capitals and lawmakers opposed to the deal.
The European Union is set to temporarily implement its trade agreement with the Mercosur countries, as announced by Ursula von der Leyen, the President of the European Commission. This move is expected to draw significant criticism from European capitals and lawmakers who are against the agreement. The contentious deal aims to create a free trade zone between the EU and Mercosur nations, affecting approximately 720 million people. However, it has not yet been officially ratified by the European Parliament, and recent legislative actions have postponed its final approval, potentially delaying the deal for up to two years.
The decision to proceed with a temporary implementation could lead to intense political reactions from opposition parties within the EU, who have raised concerns about the agreement's implications. Lawmakers had voted the previous month to send the deal to the European Court of Justice for review, putting a temporary freeze on its final ratification. As the Commission attempts to move forward, it faces a challenging landscape as dissent grows over various aspects of the agreement, including environmental and economic impacts.
The potential fallout from the initial application of the EU-Mercosur trade deal may include protests or political maneuvering from various European nations. Critics argue that until fully ratified by the European Parliament, implementing the deal could undermine democratic processes within the EU. The situation highlights the ongoing debate over international trade agreements and their compatibility with political, environmental, and social expectations among EU member states.