whatsapp

European Commission steps up pressure on France over Mercosur trade deal

  • 0
  • 418
/media/TEM_2.webp © Image Copyrights Title

The European Commission has intensified pressure on France to lift its opposition to the EU–Mercosur trade agreement, saying the pact must be signed by the end of the year as global economic and geopolitical conditions shift.

The Commission said on Monday it still expects to finalise the agreement before year-end, despite resistance from Paris, which is seeking to delay a vote by EU member states amid mounting anger from French farmers.

The deal, negotiated over more than 25 years with Mercosur countries, Argentina, Brazil, Paraguay and Uruguay, is viewed by Brussels as strategically urgent. Commission deputy chief spokesperson Olof Gill said signing the agreement now was critical for the EU’s economic, diplomatic and geopolitical standing.

“In the view of the Commission, signing the deal now is a matter of crucial importance economically, diplomatically and geopolitically, but also in terms of our credibility on the global stage,” Gill told reporters.

France reiterated its opposition over the weekend. In a statement issued by the office of Prime Minister Sébastien Lecornu, Paris called for a delay to December deadlines, arguing that conditions were not in place for an EU Council vote authorising the signing of the agreement, even though a Mercosur summit is scheduled for December 20.

The agreement, concluded politically in 2024, would liberalise trade between the EU and Mercosur. French farming groups argue it would expose domestic producers to unfair competition from Latin American agricultural imports produced under lower environmental and animal welfare standards.

France is leading opposition within the EU Council, alongside Poland, Hungary and Austria, and is demanding stronger safeguards, including the ability to suspend tariff reductions if imports disrupt EU markets, so-called reciprocity clauses to align Mercosur standards with EU rules, and stricter sanitary and phytosanitary controls.

The Commission said it has responded to concerns raised by farmers and member states. Gill said Brussels had acted decisively by proposing accompanying measures following consultations with farmers, consumers, governments and EU lawmakers.

On Tuesday, Members of the European Parliament are due to vote on a safeguard clause proposed by the Commission, with some lawmakers seeking to add amendments on reciprocity. Member states have already backed the safeguard mechanism, though without explicit reciprocity guarantees.

Negotiations between the European Parliament and EU governments are expected to follow quickly. Parliamentary sources said that while reciprocity is also a concern for German farmers, Berlin supports the deal and is unlikely to risk derailing it over that issue.

Supporters of the agreement, led by Germany and Spain, argue the pact is essential as the EU faces declining access to the U.S. market and growing Chinese influence in Latin America.

The political arithmetic for approval remains uncertain. Belgium plans to abstain, while Ireland and the Netherlands have yet to declare their positions. Italy’s stance remains unclear, making the outcome of any vote unpredictable.

French President Emmanuel Macron, already weakened by domestic political instability, is facing sustained protests from farmers over the Mercosur deal as well as over the handling of livestock disease outbreaks.

“France will continue to firmly defend its agricultural interests,” Lecornu’s office said in its statement.

Related Posts
© US Consumer Sentiment Hits Record Low as Inflation Fears Surge Amid Iran War

US Consumer Sentiment Hits Record Low as Inflation Fears Surge Amid Iran War

Consumer confidence in the United States has fallen to its lowest level on record, as rising inflation fears and geopolitical tensions linked to the Iran conflict continue to pressure household sentim...

  • 888
© Global Markets Rise as Oil Prices Edge Higher Ahead of US-Iran Ceasefire Talks

Global Markets Rise as Oil Prices Edge Higher Ahead of US-Iran Ceasefire Talks

Global financial markets showed cautious optimism on Friday, with equities advancing and oil prices ticking higher as investors awaited critical ceasefire talks between the United States and Iran sche...

  • 894
© Europe Energy Prices Seen Staying High Despite Iran Ceasefire

Europe Energy Prices Seen Staying High Despite Iran Ceasefire

Energy prices across Europe are expected to remain elevated despite a ceasefire between the United States and Iran, due to ongoing supply disruptions and global market pressures. The International ...

  • 603
© New Polymarket Accounts Profit Big on US-Iran Ceasefire Bets, Raising Insider Trading Concerns

New Polymarket Accounts Profit Big on US-Iran Ceasefire Bets, Raising Insider Trading Concerns

A group of newly created accounts on Polymarket made substantial profits by placing timely bets on a US-Iran ceasefire just hours before the announcement by Donald Trump, prompting concerns over poten...

  • 484
© Greek and Liberian Ships First to Transit Strait of Hormuz After Ceasefire

Greek and Liberian Ships First to Transit Strait of Hormuz After Ceasefire

A Greek-owned bulk carrier and a Liberia-flagged vessel have become the first ships to transit the Strait of Hormuz following a ceasefire between the United States and Iran. According to maritime t...

  • 603
© US and Iran Agree to Two-Week Ceasefire, Strait of Hormuz to Reopen

US and Iran Agree to Two-Week Ceasefire, Strait of Hormuz to Reopen

The United States and Iran have agreed to a two-week ceasefire, pausing further military action and allowing the reopening of the Strait of Hormuz. Donald Trump said the United States would suspend...

  • 622
© US Vice President JD Vance Visits Hungary to Back Orbán Ahead of Elections

US Vice President JD Vance Visits Hungary to Back Orbán Ahead of Elections

US Vice President JD Vance arrived in Hungary on Monday in a move widely seen as a show of support for Prime Minister Viktor Orbán ahead of the country’s upcoming parliamentary elections. Vance is ...

  • 392
© Spain Breaks Jobs Record with Over 22 Million Social Security Contributors

Spain Breaks Jobs Record with Over 22 Million Social Security Contributors

Spain’s labour market reached a historic milestone in March, with the number of Social Security contributors surpassing 22 million for the first time, according to official data released on Monday. ...

  • 416
© French-Linked Ship Crosses Strait of Hormuz in First Western European Transit Since Iran War

French-Linked Ship Crosses Strait of Hormuz in First Western European Transit Since Iran War

A container vessel linked to France has successfully crossed the Strait of Hormuz, marking the first known transit by a Western European-affiliated ship since the outbreak of the Iran conflict in late...

  • 318
© Egg Prices Surge Across Europe Ahead of Easter, Spain Sees Sharpest Rise

Egg Prices Surge Across Europe Ahead of Easter, Spain Sees Sharpest Rise

Egg prices across Europe have surged significantly ahead of the Easter season, with inflation in the category far outpacing overall consumer price growth, according to recent data from Eurostat and Eu...

  • 540
© French Vessel Crosses Strait of Hormuz in First Western European Transit Since Iran Conflict

French Vessel Crosses Strait of Hormuz in First Western European Transit Since Iran Conflict

A container vessel linked to French shipping group CMA CGM has crossed the Strait of Hormuz, marking the first known transit by a Western European-associated ship since the outbreak of the Iran confli...

  • 432
© Germany and Italy Push EU ‘Kill Switch’ Proposal for Global Stablecoins

Germany and Italy Push EU ‘Kill Switch’ Proposal for Global Stablecoins

Germany and Italy have proposed sweeping new measures to regulate global stablecoins within the European Union, including a mechanism that would allow authorities to shut down certain digital currenci...

  • 323
© Ultra-Rich Hold $2.84 Trillion Untaxed Wealth, Surpassing Assets of World’s Poorest Half

Ultra-Rich Hold $2.84 Trillion Untaxed Wealth, Surpassing Assets of World’s Poorest Half

The world’s wealth inequality has reached a striking new milestone, with the top 0.1% holding an estimated $2.84 trillion in untaxed offshore wealth—surpassing the combined assets of the poorest half ...

  • 514
© Iran War Pressures Germany Economy as Growth Forecast Slashed and Deficit Rises

Iran War Pressures Germany Economy as Growth Forecast Slashed and Deficit Rises

Germany’s economic outlook has deteriorated sharply as the ongoing Iran conflict adds fresh pressure to an already fragile recovery, prompting leading research institutes to significantly cut growth p...

  • 470
© Unilever and McCormick Near Mega Deal to Form Global Food Giant

Unilever and McCormick Near Mega Deal to Form Global Food Giant

Global consumer goods leader Unilever is moving closer to a landmark agreement with U.S.-based McCormick & Company to restructure its food division, in a deal that could reshape the global packaged fo...

  • 416
© TotalEnergies Earns $1 Billion Profit Amid Middle East Oil Disruptions

TotalEnergies Earns $1 Billion Profit Amid Middle East Oil Disruptions

French energy giant TotalEnergies is reported to have earned more than $1 billion in profit after aggressively trading Middle Eastern crude oil during disruptions caused by the ongoing Iran conflict. ...

  • 372
© European Markets Mixed as Iran Tensions Drive Oil Prices Higher

European Markets Mixed as Iran Tensions Drive Oil Prices Higher

European markets traded mixed on Monday as rising oil prices and ongoing tensions linked to the Iran conflict continued to weigh on investor sentiment. Major indices showed varied performance durin...

  • 401
© SpaceX IPO: Elon Musk Plans Up to 30% Share Allocation for Retail Investors

SpaceX IPO: Elon Musk Plans Up to 30% Share Allocation for Retail Investors

Elon Musk is reportedly planning to allocate up to 30% of shares in SpaceX’s upcoming initial public offering (IPO) to retail investors, marking a major shift from traditional Wall Street practices. ...

  • 360
© New Poverty Measure Shows US Lagging Behind Europe Despite Higher Incomes

New Poverty Measure Shows US Lagging Behind Europe Despite Higher Incomes

A new method of measuring poverty suggests that the United States is falling behind major European economies, despite having higher average incomes. The research, developed by an Oxford University ...

  • 467
© BYD Profit Falls 19% Amid Price War Despite Overtaking Tesla in EV Sales

BYD Profit Falls 19% Amid Price War Despite Overtaking Tesla in EV Sales

BYD reported a 19% decline in annual profit for 2025, highlighting growing pressure from intense competition in China’s electric vehicle market, even as it strengthened its lead over Tesla in global s...

  • 453
Commnets 0
Leave A Comment