Feb 27 • 12:29 UTC 🇩🇪 Germany SZ

Free Trade: von der Leyen Implements Mercosur Agreement

Ursula von der Leyen has implemented the EU free trade agreement with Mercosur countries despite lacking approval from the European Parliament, following ratification by Uruguay and Argentina.

Ursula von der Leyen, the President of the European Commission, made a significant move by declaring the implementation of the EU's free trade agreement with the Mercosur countries—Brazil, Argentina, Paraguay, and Uruguay. This announcement came after Uruguay and Argentina ratified the agreement, clearing the way for its provisional application. Von der Leyen's announcement was made in a brief appearance at the Commission's headquarters, highlighting the urgency and importance of this agreement in addressing trade relations with Latin America.

Despite the quick progress, von der Leyen is likely to face substantial criticism for moving forward without the European Parliament's approval, which has yet to give its consent to the agreement. The move is seen as both a strategic effort to strengthen economic ties with South America and a controversial decision that raises questions about the democratic process within the EU's decision-making framework. Critics may argue that bypassing the Parliament undermines accountability and transparency in international trade agreements.

The provisional application of the Mercosur agreement could have significant implications for EU-Latin America relations, potentially opening up markets and fostering cooperation between the continents. However, it also poses challenges, particularly in addressing concerns over environmental standards and the impact on local industries. As debates continue, the outcome of von der Leyen's actions will likely shape the future of EU trade policy and its relationship with Latin American nations.

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