Argentine Congress approves Mercosur-EU trade agreement

The Senate of Argentina, one of the members of Mercosur along with Brazil, Uruguay and Paraguay, approved the treaty by 69 votes in favor and 3 against

The Argentine Parliament ratified on Thursday the free trade agreement between Mercosur and the European Union, signed in January after 25 years of negotiations.

The Senate of Argentina, one of the members of Mercosur along with Brazil, Uruguay and Paraguay, approved the treaty by 69 votes in favor and 3 against.

Also this Thursday, the , which still needs to be ratified by Brazil, Paraguay and the European Union.

Argentine Congress approves Mercosur-EU trade agreement

Everything you need to know to protect your wallet

In Brazil, the Chamber of Deputies approved the agreement on Wednesday, but the Senate still needs to give its approval.

The treaty has strong support from Germany and Spain, but faces opposition led by France, which fears that increased imports of basic products such as beef and sugar will harm local farmers.

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