EU Parliament Fast-Tracks Mercosur Trade Deal

The European Union Parliament is expediting a major trade agreement with the Latin American Mercosur bloc, known as cows for cars, to create a free-trade area for nearly eight hundred million people. The deal, which has been in negotiation for a quarter century, faces pressure to be finalized before European Commission President Ursula von der Leyens planned trip to Brazil on December twentieth. Resistance to the agreement within Europe has lessened due to pressure from former US President Donald Trumps tariff offensive and a pledge from Brussels to implement safeguards for European farmers. The Parliaments trade committee could approve these safeguards as early as Monday, potentially leading to a final vote on Thursday. Meanwhile, a motion to ask the Court of Justice of the European Union to assess the trade agreements compatibility with European treaties has been rejected, keeping the deal on track for signing this year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.