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News in English (USA) / 06.12.2024 / 15:00

EU and Mercosur Finalize Long-Awaited Trade Deal Amidst Controversy

The European Union and the South American Mercosur trade bloc have officially announced a free trade deal that has been 25 years in the making. This significant agreement aims to strengthen trade ties between Europe and South America, even as it faces considerable opposition from France. EU Commission President Ursula von der Leyen has been actively involved in the final negotiations in Uruguay, striving to close the deal despite French resistance led by President Macron. The agreement, while celebrated by some, is contentious and has provoked debates within the EU regarding its implications. Belgium has expressed a willingness to progress with the deal despite French objections, highlighting the divisions within the bloc. As negotiations come to a close, the future of the pact remains uncertain as France vows to oppose the treaty until the end.
Financial Times, The New York Times, The Associated Press, Euronews, Reuters, POLITICO Europe, Foreign Policy, Bloomberg, FRANCE 24 English, ABC News