In a landmark decision concluding over a quarter-century of negotiations, the European Union has formally approved a comprehensive trade agreement with the Southern Common Market (Mercosur). The Council of the European Union secured the necessary majority from its 27 member states, overcoming vocal opposition from several nations including France, Poland, and Ireland.
The breakthrough follows intensive negotiations that incorporated specific clauses to address European agricultural concerns, a primary sticking point throughout the lengthy discussions. European Commission President Ursula von der Leyen is now set to travel to Paraguay to formally sign the accord with Mercosur leadership.
This agreement establishes the framework for what will become the world’s most extensive free trade zone upon full implementation. However, the process requires one additional ratification step: following the signing ceremony, the pact must return to Europe for approval by the European Parliament, with a vote anticipated in the coming weeks.