EU chief lands in South America to seal trade deal

Published 2024년 12월 6일

Tridge summary

European Commission President Ursula von der Leyen is in Uruguay to finalize a long-delayed trade deal between the European Union (EU) and South America's Mercosur bloc, despite opposition from France and EU countries. The deal, which would create one of the world's largest trade partnerships and increase the flow of beef and grains, is expected to be announced on Friday. However, the deal faces steep opposition from European farmers who fear cheap imports of South American commodities. Despite this, other EU members like Germany see the deal as vital for trade diversification and for accessing critical minerals like lithium from Mercosur countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

European Commission President Ursula von der Leyen landed in Uruguay on Thursday seeking to finalise a long-delayed trade deal between the European Union and South America's Mercosur bloc, even as France slammed the agreement as "unacceptable", reported Reuters. Von der Leyen arrived hours after President Emmanuel Macron's government collapsed following a no-confidence vote in parliament over efforts to rein in France's budget deficit, leaving Macron scrambling to name a new prime minister. The deal, 20 years in the making and deeply divisive in Europe where farmers and Paris have been the loudest voice in opposition, would create one of the world's largest trade partnerships and turbocharge the flow of beef and grains. "The finish line of the EU-Mercosur agreement is in sight. Let's work, let's cross it. The largest trade and investment partnership the world has ever seen. Both regions will benefit," von der Leyen said in a post on X. Mercosur, including farming powerhouses ...
Source: Thepigsite

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