US EditionEU Commission Indicates It’s Ready to Implement Mercosur Trade Deal Despite Parliament Vote to Delay
The European Commission seeks to apply the Mercosur trade deal provisionally once one Mercosur country ratifies, aiming to reduce tariffs on 90% of goods, officials said.
- On Friday, European Commission President Ursula von der Leyen said the EU is willing to provisionally implement the Mercosur free-trade agreement and would act once at least one Mercosur country ratifies, adding no formal decision has been taken yet.
- The European Parliament narrowly voted on Wednesday to refer the trade deal to the European Court of Justice, while the Commission said urgency ensures benefits apply quickly beyond historic U.S. ties.
- More than 90% of tariffs would be phased out, affecting over 700 million consumers, with Mercosur expected to ratify in South America.
- Antonio Costa said the executive commission has authority to move ahead on interim implementation, though opponents led by France may criticize, while German Chancellor Friedrich Merz urged provisional application.
- Amid a broader trade push, the EU has struck deals from Japan to Mexico and expects one with India later this month, while Bolivia could join Mercosur in coming years and Venezuela remains suspended.
56 Articles
56 Articles
The European Union (EU) is ready to implement a wide-ranging free trade agreement with the South American bloc MERCOSUR, European Commission (EC) President Ursula von der Leyen said on Friday.
Following the decision of the EU Parliament to have the Mercosur Agreement reviewed by the European Court of Justice, Kanlzer Merz confirmed that the Agreement should enter into force provisionally.
Brussels Determined to Bypass Parliament’s Mercosur Vote
What happened this week in Strasbourg regarding the agreement between the European Union and Mercosur may ultimately have an effect exactly opposite to that sought by many of the trade deal’s critics. The European Parliament’s decision to refer the pact to the Court of Justice of the EU, hoped to be a political and legal brake, threatens to become the trigger for an accelerated provisional application, driven directly by the European Commission …
The trade agreement between the EU and Mercosur, most likely, will be activated on a provisional basis in the coming weeks. At most, in two months, according to what...
Berlin, despite the referral of the EU Parliament to the Court of Justice, pushes for the provisional application of the trade treaty. Argentina's lithium is at stake in the German car industry. But Paris warns Ursula: "Any forced force would be intolerable."In Europe, Ursula von der Leyen is saved, but democracy is very bad. The European Council is preparing to frustrate the vote on Mercosur expressed on Wednesday by the Euro camera. It is prob…
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