Treaty, which has been under discussion for more than 20 years, has the potential to unite a market of approximately 750 million consumers
president of , arrived on Thursday (5) to participate in , an event that marks a significant step in the negotiations of the free trade agreement between the European Union and the South American bloc. This agreement, which has been under discussion for more than 20 years, has the potential to unite a market of approximately 750 million consumers.
Support for the treaty is strong among some European countries, such as Germany, Spain, Portugal and Sweden. However, France and nations such as Poland, Austria and the Netherlands are expressing resistance, mainly due to concerns regarding the impact on local agriculture. Approval of the agreement in Brussels promises to be a complicated process, requiring revisions and votes in both the parliaments of the European Union and those of Mercosur countries.
For Germany, the importance of the agreement is even more pronounced, as the country seeks to reduce tariffs on its products. The majority of Mercosur’s exports to Europe consist of food, which raises concerns in France about the possibility of unfair competition with more affordable products, such as Brazilian meat. In response to these concerns, French farmers are already organizing demonstrations against the treaty.
*Report produced with the help of AI
Posted by Luisa dos Santos
