LeadStory

Euronews

European Parliament freezes Mercosur deal

Euronews · Just In
Euronews
Euronews
Just In

After clearing major political hurdles after more than two decades, the mammoth trade deal now faces further delay pending a judicial verdict.

Breakdown
  • Parliament refers EU-Mercosur deal to EU Court of Justice
  • Vote was close: 334 in favor, 324 against, 11 abstentions 13s
  • Commission could provisionally apply deal if endorsed by Member States 24s
  • Deal aims to create free trade area of over 700 million people 1m 6s
  • Court referral suspends approval; ruling could take over a year 1m 35s