The European Union and the South American Mercosur trade bloc would create a huge trans-Atlantic market of some 700 million people.
European Commission President Ursula von der Leyen arrived in Uruguay on Thursday, aiming to conclude long-delayed negotiations for a landmark trade deal between the European Union and the Mercosur bloc.The agreement could create a trans-Atlantic market of 700 million people but faces opposition from EU member states and farmers.'The finish line of the EU-Mercosur agreement is in sight.
Mercosur, comprising Brazil, Argentina, Paraguay, Uruguay, and Bolivia, could see its producers gain market access to the EU for beef, poultry, and sugar, raising concerns among European farmers.Critics argue that Mercosur products don't meet stringent EU environmental and animal welfare standards, providing them with an unfair price advantage.Can Protests Derail the Agreement?Farmers across the EU have staged protests to highlight their grievances.
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