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Reuters

EU proposes Mercosur trade deal, French opposition softens

Reuters · Recent
Reuters
Reuters
Recent

The European Commission presented the EU's trade accord with South America's Mercosur bloc for approval on Wednesday and appeared to be softening opposition from the deal's main critic, France.

Breakdown
  • The EU Commission presented the trade deal with Mercosur for approval.
  • France's opposition softened with proposed limits on farm imports. 8s
  • The agreement would create the world's largest free trade area. 31s
  • The Commission proposed mechanisms to suspend preferential access for some farm products and a crisis fund for farmers. 2m 9s
  • The deal still requires approval from the European Parliament and a majority of EU governments. 52s
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