In December 2024, the European Union (EU) and the South American trade group, Mercosur, reached a historic deal after 25 years of tough negotiations. This deal promises big benefits: cheaper food for Europeans and cheaper cars for Latin Americans. But there's one major roadblock to making the deal official – France.
Mercosur is a trade group made up of Argentina, Brazil, Paraguay, Uruguay, and Bolivia. If the deal goes through, it will create one of the world’s largest free-trade zones, linking over 700 million people. European consumers could buy beef, soy, chicken, and fruits from South America at lower prices, while EU companies would have better access to South American markets for cars, machinery, and chemicals.
But There's a Catch: France Doesn’t Like It
France has major concerns about the deal, and it has become the main force blocking its approval. The reason? French farmers fear that cheaper products from South America will flood the market, putting them out of b...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
