France said it was ready to seek other buyers for its biggest shipyard should Italy refuse a 50-50 ownership split, before both countries pledged to find a solution next month. French Economy Minister Bruno Le Maire, told the Corriere della Sera daily that a deal with Fincantieri might not be thrashed out.
World food prices that rose 37% in a year, driving 44 million more people into poverty, are a “plague” that needs action from world leaders now, said French President Nicolas Sarkozy during the two-day Group of 20 agriculture ministers in Paris.
The best way to cool soaring food prices is to boost output, the Argentine government said, following talks on a French proposal for increased regulation of commodity markets in the framework of a G20 meeting in Buenos Aires.
A trade agreement with Mercosur should not have to destroy the European beef industry, said on Tuesday a spokesperson for the European Community who added that such fears are ‘exaggerated’.
France warned Tuesday that it is following closely European Union/Mercosur trade talks to ensure that farmers from both blocks are strictly subjected to the same rules.
France and the U.N. food agency FAO warned on Friday about the risk of a new global food crisis and ensuing riots, calling for greater regulation to curb speculation on commodities markets.
French Agriculture minister Bruno Le Maire reiterated Paris ‘strong rejection’ of European Union trade talks with Mercosur and said that Europe “is no dumping ground for Mercosur agriculture produce”.
French resistance to the resumption of Mercosur European Union trade talks caused great disappointment among the block’s members, but Brazil believes it has a strong bargaining chip for a greater opening of the European agriculture market: the several billions US dollars fighter planes contract for the Brazilian Air Force.
After the European Commission proposed the resumption of negotiations with Mercosur, France released a warning message to the European Commission and assured that—if the talks are reactivated—both French and European agriculture would be in danger of a potential damage.