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- EU And South America Countries Conclude Divisive Trade Deal
EU And South America Countries Conclude Divisive Trade Deal
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The European Union has finalized a trade agreement with four major South American economies, including Brazil, Argentina, Paraguay, and Uruguay. This agreement is expected to create one of the world's largest free trade zones, spanning a market of approximately 780 million people. The pact aims to reduce trade barriers by removing tariffs on various goods, including Italian wine, Argentine steak, Brazilian oranges, and German Volkswagens.
We celebrate it, but it's still far from reality.
We are securing new markets for our exports and strengthening investment flows.
We have heard you, listened to your concerns, and we are acting on them.
It means more jobs and good jobs, more choices and better prices.
I know that strong winds are blowing in the opposite direction, toward isolation and fragmentation, but this agreement is our clear response.
An important obstacle to the agreement has been overcome.
The agreement has neither been signed nor ratified. This is not the end of the story.
What is happening in Montevideo is not a signing of the agreement but simply the political conclusion of the negotiation. This does not bind the member states.
France will fight at every stage alongside the member states that share its vision.
They have trotted out leaders and declared victory and celebrated, and yet there always seems to be a hitch.
EU-Mercosur Trade Aggrement
- EU chief pushes to close Mercosur trade deal despite French opposition
- French farmers protest EU-Mercosur trade deal over concerns of unfair competition
sources
- 1.BBC
- 2.CNN
- 3.The New York Times
perspectives
- 1.Protests
- 2.Trade Agreement
- 3.European Commission under Ursula von der Leyen
- 4.French Politics
- 5.Common Agricultural Policy
- 6.Food industry
countries
- 1.Argentina
- 2.Austria
- 3.Belgium
- 4.Bolivia, Plurinational State of
- 5.Brazil
- 6.China
- 7.Germany
- 8.Egypt
- 9.Spain
- 10.France
- 11.Israel
- 12.Italy