EU moves closer to trade deal with South American Mercosur bloc despite French opposition

newsweek.com

The European Union is close to finalizing a trade deal with the South American Mercosur bloc, which would create a market of 700 million people. European Commission President Ursula von der Leyen is in Uruguay to push for the agreement, despite strong opposition from France. French President Emmanuel Macron has called the current proposal "unacceptable," citing concerns over competition for European farmers. Farmers across the EU have protested, fearing that cheaper South American goods could undermine local producers who face stricter standards. If an agreement is reached, the next step will be drafting legal text. The ratification process will determine if all 27 EU member states must approve the deal or if a special majority is sufficient.


With a significance score of 4.4, this news ranks in the top 7% of today's 17973 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.