US EditionAfter the Postponement of the Signature of the Eu-Mercosur Agreement, Brazil Seeks Compromise Directly with Italy
6 Articles
6 Articles
Mercosur leaders shift to “constructive patience” after EU FTA delay
Following decades of negotiations and a high-stakes “now or never” deadline set for this week, the Southern Common Market (Mercosur) bloc has officially adopted a stance of cautious optimism after the European Union (EU) failed to secure the necessary internal mandate to sign the historic Free Trade Agreement (FTA) on Saturday.
Mercosur’s heads of state will meet this Saturday in the Brazilian city of Foz do Iguaçu at a tense and uncertain summit after the final signing of the free trade agreement with the European Union was postponed at the last minute. Italy’s doubts, which asked to delay the signature to January, joined the refusal of France and Poland and left Luiz Inácio Lula da Silva without the gold clasp with which he wanted to crown the pro tempore presidency …
With the referral in January of the signature of the highly contested free trade treaty, the French and European trade unions won an important battle. But, if the FNSEA called for a Christmas truce, all still demand the plain withdrawal of the text.
In the European Parliament, one of the subjects of dissension on Thursday 18 December is the trade agreement with Mercosur, which was to be signed on Saturday 20 December in Brazil by the President of the Ursula von der Leyen Commission. While the signature is finally postponed to January, Brazilian President Luiz Inacio Lula da Silva is now seeking to find a compromise directly with Italian Prime Minister Giorgia Meloni.
The presidents of the European Commission, Ursula von der Leyen, and of the European Council, António Costa, sent a letter to President Luiz Inácio Lula da Silva reaffirming the European Union's commitment to the signing of the Partnership Agreement and the Interim Trade Agreement between the EU and Mercosur in early January 2026. In the document, dated December 19, European leaders inform that the signing, initially scheduled for the 20th, cann…
With the Mercosur Free Trade Agreement, Germany wants to give its weak economy a makeover – and the US and China are challenging the leading role in South America. But France and Italy are cross-border and farmers: they are fighting against the agreement. On Saturday, the Mercosur Trade Agreement was to be signed, the finalisation of which had already been announced since the summer of 2019 in the course of the G20 summit in Osaka. The first tal…
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