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The EU proposes a major trade deal with Mercosur, despite French opposition over farming concerns.
The European Union (EU) is proposing a major trade deal with South American bloc Mercosur, comprising Brazil, Argentina, Paraguay, and Uruguay, despite facing opposition from France over agricultural concerns.
The agreement aims to create the world's largest free-trade area with 700 million consumers and boost EU exports by up to 39%, or €49 billion.
The deal requires approval from at least 15 EU countries and the European Parliament.
To address concerns, the EU has proposed a €1 billion reserve for impacted farmers and quotas on sensitive imports like beef.
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La UE propone un gran acuerdo comercial con el Mercosur, a pesar de la oposición francesa por las preocupaciones agrícolas.