BBC Mundo, which is covering the issue after monitoring and examining its most relevant aspects, notes that after more than 25 years of negotiations, the Council of the European Union approved an agreement with the Southern Common Market, Mercosur.

The agreement includes several clauses designed to appease the concerns of European farmers.

The 27 member states of the European trade bloc achieved a majority, despite the opposition announced by countries such as France, Poland, and Ireland.

With this result, the President of the European Commission, Ursula von der Leyen, is scheduled to fly to Paraguay and sign the agreement with Mercosur.

Once the agreement is finalized by both parties, it will pave the way for the creation of the world’s largest free trade zone. However, one more step is needed for the agreement to take effect. Following the signing of the document in Paraguay, the European Parliament’s approval is also required, and it is expected to vote on it in the coming weeks.

jdt/arm/mem/rfc

The post European agreement with Mercosur in the spotlight first appeared on Prensa Latina.

From Prensa Latina via This RSS Feed.