Feb 27 • 16:05 UTC 🇱🇻 Latvia LSM

The European Union will begin applying the "Mercosur" agreement

The European Commission announced a temporary application of the Mercosur trade agreement, which faces criticism from French President Emmanuel Macron and requires full ratification from the European Parliament.

The European Commission President Ursula von der Leyen announced that the European Union would begin temporarily applying the Mercosur trade agreement, a significant trade deal intended to enhance economic ties between the EU and several South American countries. However, this decision has drawn criticism from various quarters, including French President Emmanuel Macron, who labeled the move as unilateral and bypassing EU legislative processes. He expressed concern over several Mercosur countries that have yet to ratify the agreement, highlighting Brazil's situation as a serious issue for European farmers who are demanding clarity regarding their future and the implications of the new trade deal.

Macron's comments underscore the existing apprehensions among European agricultural stakeholders about the potential impact of the Mercosur agreement on local agriculture, especially in regard to competitive pressures from South American imports. He questioned the timing of the announcement, especially since discussions on the EU's common agricultural policy are still underway, amplifying fears of uncertainty among farmers who have already expressed their worries about the agreement's provisions. The call for greater transparency on agricultural matters reflects broader concerns regarding the sustainability of European farming industries in the face of emerging trade agreements.

The temporary application of the Mercosur agreement can be viewed as a strategic step by the European Commission to strengthen trade relationships with South America, yet it raises significant questions regarding the legislative process within the EU, farmer regulation, and trade balances. As the deal progresses towards full ratification by the European Parliament, the ongoing debate over agricultural policies and national interests will likely continue, impacting the future of EU-South American trade relations and the livelihoods of European farmers.

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