A Brazilian expert foresees that the Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) will represent a 5.1% increase in commerce with the bloc that is already South America's largest country's second-largest partner, behind China, Agencia Brasil reported. These projections would mean a 0.34% rise in the Gross Domestic Product (GDP), the sum of goods and services produced in the country.
The South American Common Market (Mercosur) and the European Union announced Friday in Montevideo the final signing of the Free Trade Agreement (FTA) between both blocs, thus creating the largest and most populated commerce zone worldwide. The understanding was reached after 25 years of negotiations and despite France's reluctance.
Momentum is building up in Montevideo as the presence of European Commission President Ursula von der Leyen seems to herald the imminent signing of the Free Trade Agreement (FTA) with the Southern Common Market (Mercosur) as Brussels needs to halt China's commercial expansion in the region while Donald Trump's return to the White House looms over.
The Southern Common Market (Mercosur) hopes to clinch the Free Trade Agreement (FTA) with the European Union (EU) during the two-day regional bloc's Summit starting Thursday in Montevideo with European Commission President Ursula von der Leyen as the main guest.
Brazil's President Luiz Inácio Lula da Silva welcomed Uruguay's President-elect Yamandú Orsi on Friday at the Planalto Palace to discuss the possible Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) as well as other issues.
France's Parliament was unusually united this week in rejecting the Free Trade Agreement (FTA) between the European Union (EU) and the Southern Common Market (Mercosur), thus yielding to protests from local farmers who fear unfair competition. The Senate gave its thumbs down Thursday, just one day after the Lower House did the same by 484 votes against 70.
Carrefour CEO Alexandre Bompard announced this week that his company would not be selling meat imported from the Southern Common Market (Mercosur) in a move to prevent the Free Trade Agreement (FTA) with the European Union from pulling through. France's largest supermarket planned on suspending meat imports from Argentina, Bolivia, Brazil, Paraguay, and Uruguay “in solidarity with the agricultural sector.”
French President Emmanuel Macron told his Argentine counterpart Javier Milei once again during their meeting Sunday at Casa Rosada that his country would not sign the European Union (EU)-Southern Common Market (Mercosur) Free Trade Agreement (FTA) “as is.”
France will not be signing a Free Trade Agreement (FTA) between the European Union and the Southern Common Market (Mercosur), the Russian news service Sputnik reported Thursday. In fact, Paris will do its utmost to block it.
Presidents Javier Milei of Argentina and Emmanuel Macron of France got together Friday at the Elysee Palace ahead of the opening ceremony of the Paris 2024 Olympic Games to discuss ongoing world affairs and bilateral issues. It is the South American leader's 12th trip abroad since his inauguration on Dec. 10, 2023.