EU Mercosur Agreement: Is there a breakthrough or does it stay with a standstill?

EU Mercosur Agreement: Is there a breakthrough or does it stay with a standstill?

Montevideo, Uruguay - Negotiations on the EU Mercosur free trade agreement may be about to be completed. According to a report by the Frankfurter Allgemeine Zeitung could already be signed in the next few days. Mercosur summit in Montevideo (Uruguay) on December 7th. Chancellor Olaf Scholz and Brazilian President Luiz Inácio Lula da Silva confirmed the intention of finalizing the agreement in Berlin, even if the signing is still uncertain.

For over 20 years, the European Union and the Mercosur countries (Brazil, Argentina, Paraguay and Uruguay) are negotiating a free trade zone that is supposed to benefit both sides economically. While the EU would like to reduce the tariffs existing through the agreement and intensify its trade relationships, there are concerns about market protection within South America, and environmental organizations also warn of negative effects. The signing of the agreement could create one of the largest trading contracts in the world that would affect around 720 million people, according to Deutschlandfunk .

disputes about the market and the environment