Singapore and the Southern Common Market of South America (MERCOSUR) have experienced a delay in their FTA negotiations after Argentina announced its decision to withdraw from ongoing negotiations on potential trade deals.
While the agreement still has to be approved by the European Parliament and Council, farmers and environmental NGOs remain disappointed.
Mercosur ministers reported progress on the final text of a trade agreement with the European Union on the eve of a summit meeting overshadowed by French President’s latest comments against the deal.
265 civil society organisations call on the Federal Governments and the EU Commission and EU-Parliament to reject this agreement!
The agreement could have serious ecological and human rights repercussions, new study warns.
The European Commission has ignored its legal obligation to ensure the trade agreement with the ‘Mercosur’ group of South American countries will not lead to social, economic, environmental degradation and human rights violations.
A free trade agreement between the EU and four South American countries, known as the Mercosur trade bloc, has been voted down by the Dutch parliament.
This briefing is meant to provide a discussion for NGOs in Brazil who want to understand the implications of this deal for people and forests and take action.
The EU-Mercosur trade deal comes at a tremendous expense for people and the planet. Dire consequences are looming both on regional and global levels.
The Mercosur agreement with the EU will be subject to Parliament approval while Argentina is not interested in the South Korea deal, says Argentine Foreign Minister.
The resumption of negotiations on the controversial Mercosur agreement and trade policy with the United States are among the priorities of the German EU Council Presidency.
The ongoing differences between Brazil and Argentina are expected to have important implications for the future course of action within MERCOSUR and its engagements with other trade and economic partners including India.
Environmental safeguards within the agreement, which were already insufficient even before COVID-19, have now made the document outdated.
Action would come in the face of the neighboring country’s announcement that it will abandon negotiations on the organization’s agreements.
Singapore said that it is in contact with South American bloc Mercosur after a member state pulled out of talks on new free trade agreements (FTAs) that the group is negotiating beyond the region.
Argentina has decided to withdraw from ongoing trade negotiations with regional bloc Mercosur as it turns its focus on the growing economic crisis at home.
Mercosur is negotiating with South Korea, Canada and Singapore, while Indonesia and Vietnam are possible candidates. Plus, a deal with the European Free Trade Association is in its final stages.
Lebanon is only a few steps away from signing a free trade agreement with Mercosur countries, the Uruguayan ambassador to Lebanon said
South Korea held the fifth round of free trade talks with a group of South American countries, including Brazil, with a goal of striking the deal this year.
The Walloon parliament has voted unanimously in favour of a motion critical of the trade pact agreed between the European Union and the Mercosur countries.