EU-Mercosur Trade Deal Stalled: Italy and France Demand Safeguards

Italy and France have stalled the EU-Mercosur trade agreement, seeking further safeguards for sectors like agriculture. The trade pact, which includes Argentina, Brazil, and others, requires compliance with EU standards. As negotiations continue, Latin American countries push for prompt resolution.

Italy and France have announced they are not ready to endorse the European Union's trade agreement with the South American Mercosur bloc. This comes as a setback to those hoping to finalize the deal within days. The decision underscores concerns about the agricultural impacts of the proposed accord.

European Commission President Ursula von der Leyen was expected to visit Brazil to sign the pact involving Argentina, Brazil, Paraguay, and Uruguay. Supporters argue the agreement could bolster exports hit by U.S. tariffs and reduce China reliance, but Italy and France seek more agricultural safeguards.

The postponement demands 'mirror clauses' for Mercosur products to ensure compliance with EU pesticide norms. France's emphasis on food safety secures the integrity of European agricultural standards, while Latin American countries warn against further delays.

(With inputs from agencies.)