US EditionEuropean Commission to Provisionally Apply Mercosur Trade Deal After Mercosur Ratifications
- On Friday, European Commission President Ursula von der Leyen decided to press ahead with provisional application despite a judicial review by MEPs, after Uruguay and Argentina ratified the Mercosur deal on Thursday.
- Negotiated over 25 years, Mercosur links markets of more than 700 million, driven by global trade shocks from U.S. tariffs and China's restrictions, von der Leyen said.
- A sufficiently large majority—21 of 27 member states—backed the deal despite vocal opposition from France, while beef farmers and the farming lobby warn the pact will depress prices.
- The European Parliament referred the agreement to the European Court of Justice, which could take up to two years, providing the European Commission political cover to act provisionally.
- Supporters say in the coming days, the Commission can provisionally bring the deal into force, opening markets for EU exporters and echoing how CETA was applied in 2017.
179 Articles
179 Articles
Emmanuel Macron has assured that he will never defend "an agreement that is lax about what is important and hard about what is being produced at home".
The trade agreement will be implemented even before final approval by the European Parliament.
Brussels is implementing the Mercosur Pact against the will of France, a juridical trick with far-reaching consequences.
Germany welcomed the European Commission's announcement that it would provisionally apply a trade agreement between the EU and South America's Mercosur, while France said it was unpleasantly surprised by the decision.
The European Commission will start provisional application of the Mercosur agreement, European Commission President Ursula von der Leyen announced in Brussels on Friday. The move comes after the first two Mercosur countries, Uruguay and Argentina, ratified the agreement between the South American Common Market and the EU on Thursday, with Brazil and Paraguay expected to follow soon. The agreement, approved by the European Council in early Januar…
The EU Commission can apply the trade part of the Mercosur Agreement, but only provisionally.
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