According to media reports, the completion of negotiations on the technical part of the trade agreement between the European Union and Mercosur will be announced tomorrow. transmits UNN with reference to ANSA and Sud-Ouest.
Details
The agreement between the EU and Mercosur reaches its final points.
European Commission President Ursula von der Leyen is expected to sign a free trade agreement with Latin American countries during the Mercosur summit in Montevideo.
Commission President Ursula von der Leyen will also announce the creation of an Environmental Cooperation Fund for the benefit of the Mercosur countries.
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The draft agreement aims to eliminate most customs duties between the European Union and MERCOSUR in order to create a huge market with more than 700 million consumers.
It will be "the largest trade and investment partnership ever seen. Both regions will benefit from this
The agreement will allow the EU, which is already Mercosur's largest trading partner, to export its cars, devices, machinery, and pharmaceutical products more easily.
On the other hand, it would allow the relevant South American countries to sell products such as meat, sugar, honey, soy, and so on to Europe.
addition
One of the key EU countries, France is strongly opposed to the agreement, in particular condemning the likely impact on the environment and European farmers. Emmanuel Macron repeated this Thursday to Ursula von der Leyen that the draft trade agreement is "unacceptable in its current form.
Poland joins opposition to EU trade deal-Mercosur27.11.24, 11:00