The EU-Mercosur trade agreement aims to create a large free trade zone but faces opposition over agricultural and environmental concerns.

The EU-Mercosur trade agreement, in negotiation since 1999, aims to create a massive free trade zone by reducing tariffs and trade barriers. The EU would benefit from lower tariffs on industrial goods like cars, while Mercosur countries would gain better access for agricultural exports such as beef and sugar. Despite support from countries like Germany and Brazil, the deal faces strong opposition from European farmers and environmental groups, who fear it could undercut local agriculture and accelerate deforestation. The agreement must be ratified by all 27 EU member states, the European Parliament, and national parliaments.

November 25, 2024
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