EU-Mercosur Deal: A Quarter-Century Journey Faces Last-Minute Hurdles

The EU-Mercosur free trade agreement faces delays as Italian and French concerns over agricultural imports persist. Chancellor Merz and President von der Leyen remain confident of signing the deal soon, despite protests. The pact, 25 years in the making, aims to reduce reliance on China and boost exports.

German Chancellor Friedrich Merz and EU executive chief Ursula von der Leyen are optimistic about finalizing the EU-Mercosur free trade agreement in January, despite a setback at the EU summit. Italy's request for more time has delayed the signing originally scheduled in Brazil.

Von der Leyen described the situation as a 'breakthrough' despite needing a few more weeks to resolve issues with member states. Brazilian President Luiz Inacio Lula da Silva acknowledged the delay after discussions with Italian Prime Minister Giorgia Meloni and plans to consult Mercosur partners.

The long-awaited trade pact with South American countries faces opposition over potential agricultural imports, fueling protests. France and Italy express concerns about increased imports affecting local farmers, while Germany and other countries view the deal as crucial for lessening dependence on China.

(With inputs from agencies.)