Summary
The European Union has put forward plans to protect its farmers from the impact of a trade deal with the Mercosur alliance, which includes South American countries. The deal aims to remove trade duties between the EU and Mercosur nations over 15 years, creating a large free trade zone. However, some European farmers oppose the agreement due to concerns about increased competition.
Key Facts
- The EU is working on a trade deal with Mercosur countries: Brazil, Argentina, Uruguay, Paraguay, and Bolivia.
- The deal would remove most trade duties between the EU and these countries over 15 years, covering a market of 780 million people.
- European farmers are worried about competition from cheaper imports under the deal.
- The EU has proposed measures to protect farmers, including a system for filing complaints and investigating price imbalances.
- Special protections are proposed for sensitive areas like beef, eggs, and ethanol in the EU.
- The agreement needs approval from all 27 EU member states and the European Parliament.
- In 2024, the EU exported agricultural goods worth 235.4 billion euros.
- Concerns include potential unfair competition for local farmers and environmental issues.
