US EditionUruguay Becomes First Country to Ratify EU-South America Trade Deal
Uruguay ratified the EU-Mercosur deal with a 91-2 vote, advancing a pact that expands market access for South American producers despite EU legal challenges.
- On Thursday, Uruguay became the first country to ratify the EU‑Mercosur trade accord after approval by the Uruguayan lower house with 91 votes in favor and 2 against.
- Amid long negotiations, South American governments are ploughing ahead with ratifications, supported by EU leaders like Ursula von der Leyen and Luiz Inacio Lula da Silva.
- The deal opens EU markets to more vehicles, machinery, wines and spirits, and South American producers of meat, sugar, rice, honey and soybeans gain easier access to one of the world's largest economies, benefiting EU nations such as Germany and Spain.
- The European Parliament referred the accord to the EU's top court, and the EU may decide on provisional implementation while awaiting a ruling, despite fierce opposition from farmers in some EU countries and France's failed blocking attempt.
- Argentina is expected to complete adoption later Thursday, a day after Brazil's lower house of parliament backed the accord by a large majority, as South American countries plough ahead despite the European legal challenge.
31 Articles
31 Articles
Brazil and Paraguay, the other two full members of the South American bloc, will successfully complete the parliamentary process of ratification of the agreement in the coming days.
The lower house of Uruguay's parliament approved a trade deal between the South American bloc Mercosur and the EU on Wednesday, following the Senate's approval on Wednesday. Uruguay became the first country in the bloc to ratify the agreement. Argentina followed suit a few hours later, the French news agency AFP reported.
Uruguay Is the First Country to Ratify the EU-Mercosur Deal
Key Points — Uruguay’s Chamber of Deputies approved the EU-Mercosur agreement 91 to 2 on Thursday, completing ratification after the Senate passed it the day before. It is the first country on either side to formally ratify the deal. — The agreement, signed January 17 after 25 years of negotiations, would create the world’s largest […]
The rejection of the Mercosur agreement by the EU Parliament has caused great uncertainty. Uruguay is now the first country to seal the agreement. It is eagerly expected that it will be able to enter into force for the time being.
Uruguay has become the first Mercosur country to ratify at the parliamentary level the agreement with the European Union, a step that will be taken this Thursday also by Argentina and...
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