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EU-Mercosur: Will the trade negotiation saga ever end?

22 34
05.03.2024

As trade experts agree that the window of opportunity to clinch a deal is closing, Josep Borrell, the High Representative of the European Union for Foreign Affairs, last week delivered yet another dose of bad news regarding the trade agreement between the EU and the South American trade bloc Mercosur.

While the South American countries expressed their intention to sign the controversial trade pact, resistance from within the EU, Borrell said, was threatening to derail the deal.

Especially, French President Emmanuel Macron is wary of the anger brewing among his country's farmers, who are fearing a fierce competition with the highly efficient agricultural sectors of Brazil and Argentina.

Former Uruguayan President Jose 'Pepe' Mujica encapsulated the sentiments of Mercosur member countries Argentina, Brazil, Uruguay, Paraguay, and soon-to-join Bolivia. Speaking at an event of the trade bloc in Brazil last week, Mujica said negotiations "haven't gone well, and they won't go well," as he came to the sobering conclusion that "we've lost 22........

© Deutsche Welle


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