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