Economy

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

German Chancellor Advocates for 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 EU-Mercosur Agreement

Negotiations between the EU and the Mercosur bloc concluded in December 2024, marking a significant milestone. European Commission President Ursula von der Leyen hailed the agreement as a "win-win" for both parties.

Challenges Ahead

Despite the agreement's conclusion, ratification faces hurdles. The European Commission plans to propose signing and concluding the deal by mid-2025, pending legal review. Opposition from France and Poland, along with concerns from other EU members, complicates the path forward.