Economy

German Chancellor Urges Swift EU Ratification of Mercosur Trade Deal Amid Opposition

Call for Quick Action on Mercosur Deal

During his inaugural foreign visit to Paris, German Chancellor Friedrich Merz emphasized the urgency of ratifying the EU-Mercosur free trade agreement. "The Mercosur deal should be ratified quickly and implemented," Merz stated at a press conference alongside French President Emmanuel Macron.

Background of the Agreement

Negotiations between the EU and the Mercosur bloc culminated in December 2024 with a trade agreement hailed as a "win-win" by European Commission President Ursula von der Leyen. Despite this milestone, the agreement awaits formal ratification.

Challenges Ahead

The European Commission plans to propose the deal's signing and conclusion by mid-2025, following necessary legal reviews and translations. However, ratification faces hurdles, including opposition from France and Poland, and concerns from several other EU member states.