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Showing posts with label Trade Deal. Show all posts
Showing posts with label Trade Deal. Show all posts

July 14, 2019

EU-Mercosur deal: Is the agreement a threat to European agriculture? - by Sofía S.Manzanaro

Twenty years after negotiations began, the European Union and the South American trade bloc Mercosur reached a free-trade agreement on Friday. Deemed "historic" by European Commission president Jean Claude Juncker, both sides currently trade over €88 billion in goods and €34 billion in services each year.

However, the treaty has not satisfied all member states. While French President Emmanuel Macron said it was a "good agreement" that met key French demands, other factions in France did not agree.

France is the EU's largest farming power. French farmers' groups and environmentalists have regularly raised concerns about the risk of a surge in South American agricultural exports to Europe. In addition, critics argue there are lower standards for produce in the Mercosur countries and insist that they would oppose the deal unless they see proper traceability and good livestock practices in the beef sector.

"We won't have an accord at any price. The story isn't finished," agriculture minister Didier Guillaume told lawmakers on Tuesday.

Read more at: 
EU-Mercosur deal: Is the agreement a threat to European agriculture? | Euronews

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March 7, 2018

EU-Mexico Trade Relations: Mexico aims for EU free-trade deal by end of February - by Philip Blenkinsop


Mexico reducing its reliance on US
\Mexico believes it can conclude a new free-trade agreement with the European Union before the end of February, a Mexican official close to the talks said on Wednesday.

The EU and Mexico intend to update a trade deal agreed 21 years ago that largely covers industrial goods. They want to add farm products, more services, investment and government procurement, and include provisions on labor standards and environmental protection. 

Mexican negotiators are in Brussels this week, with the two sides due to reconvene next week in Mexico. 

The Mexican official said EU Trade Commissioner Cecilia Malmstrom could come in the week starting Feb. 19 to help push talks to a close and to allow an initial deal to be announced, though only if a deal was within reach. 

For Mexico, a deal with the EU would be part of a strategy to reduce its reliance on the United States, the destination of nearly 80 percent of its exports. That has become more urgent, given U.S. President Donald Trump’s threat to scrap the North American Free Trade Agreement. 

Mexico is one of 11 countries expected to sign an Asia-Pacific trade pact in March after the United States pulled out of an earlier version.

Read more: Mexico aims for EU free-trade deal by end of February