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EU approves Mercosur trade deal after 25 years of talks

2026-01-09 17:02:00, Kosova & Bota CNA

EU approves Mercosur trade deal after 25 years of talks

Most EU member states approved the bloc's long-awaited trade deal with the South American bloc Mercosur this Friday. 

France, Poland, Austria, Ireland and Hungary expressed their opposition, while Belgium abstained. Italy voted in favor, after forcing a delay last month.

EU capitals now have until 5pm on Friday to submit any objections and formalise the vote, as reported by foreign media. 

Additional agricultural market safeguards that would come into effect if there is a surge in imports from Brazil, Argentina, Paraguay and Uruguay also won the approval of EU ambassadors, the diplomats said, speaking on condition of anonymity.

The EU-Mercosur agreement will create the world's largest free trade area, covering some 700 million people. From Brussels' perspective, the deal is a major geopolitical victory in light of China's growing share of trade and influence in Latin America.

European Commission President Ursula von der Leyen will travel to Paraguay next week to sign the agreement.

The EU-Mercosur agreement has been in the works for 25 years and has gone through arduous negotiations./CNA 

 





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