
Uruguay and Argentina ratified on Thursday the trade agreement between Mercosur and the European Union, becoming the first founding members of the South American bloc to complete parliamentary approval. Whether the treaty begins to apply now hinges on decisions inside the EU, as a separate legal review process continues following moves in the European Parliament.º
Add your comment!
A special committee of Uruguay’s parliament tasked with reviewing the EU–Mercosur agreement approved the ratification bill on Monday, clearing the way for floor votes in the Senate and lower house in the coming days — a timetable that could make Uruguay the first Mercosur member to complete domestic approval.
Add your comment!
Uruguay’s PIT-CNT labour federation warned lawmakers that the debate on the Mercosur–European Union trade deal is moving forward without adequate sector-by-sector assessments, which it said “limits the possibility of an informed debate” on potential effects on industry, jobs and the country’s productive structure. The union confederation testified on Wednesday before a special Senate committee reviewing the agreement, alongside the Chamber of Industry (CIU) and the Rice Growers Association (ACA), ahead of a vote expected on Wednesday 25.
Add your comment!
Argentina became the first Mercosur country to secure an initial legislative green light for the trade agreement with the European Union, after the Chamber of Deputies approved the text late on Thursday. The bloc also includes Brazil, Uruguay and Paraguay, which have launched their own domestic ratification processes.

Thousands of farmers and ranchers, alongside hundreds of tractors, rallied in central Madrid on Wednesday to protest expected cuts in the next Common Agricultural Policy (CAP) and to denounce the European Union’s trade agreement with Mercosur, according to organisers and authorities.

Seven sitting heads of government and one president-elect from Latin America and the Caribbean shared the stage in Panama on Wednesday to call for deeper regional integration, an increasingly rare show of cross-ideological alignment in a polarized region. The message was delivered at the International Economic Forum Latin America and the Caribbean, backed by CAF and designed as a high-level convening point for governments, business leaders and multilaterals.

European Commission President Ursula von der Leyen said the European Union is prepared to provisionally implement the EU–Mercosur trade agreement as soon as Mercosur countries begin completing their ratification procedures, seeking to reassure partners after a European Parliament vote injected fresh uncertainty into the bloc’s approval track.

The European Parliament voted on Wednesday to freeze its approval track for the EU-Mercosur trade agreement and request a legal opinion from the Court of Justice of the European Union (CJEU) on whether the deal is compatible with EU treaties. The motion passed by a razor-thin margin —334 in favour, 324 against, with 11 abstentions— injecting new uncertainty into a pact that the two blocs had only just signed in Asunción after a quarter-century of negotiations.

Uruguayan President Yamandú Orsi expressed disapproval over the absence of Brazilian President Luiz Inácio Lula da Silva during the signing of the landmark free trade agreement between the European Union (EU) and the Mercosur bloc, held in Asunción on January 17.

The free trade agreement between the European Union (EU) and the Mercosur bloc (Argentina, Brazil, Paraguay and Uruguay) could help turn South America into a major player in the global market for critical minerals and rare earths, EU Trade Commissioner Maroš Šefčovič said in an interview with EFE from Asunción.