Why mercosur Is Trending Today?

The European Union and Mercosur have reached an accord, with France seeking guarantees from the European Commission. Spanish agricultural organizations urge their government to oppose the EU-Mercosur trade deal, deeming it harmful to their community. The Coordination rurale denounces the deal as a "planned betrayal." The EU's proposal for a Mercosur trade deal has faced softened French opposition. Meanwhile, a Spanish news outlet, La Primera de Expansión, covers the Mercosur deal alongside updates on Iberdrola, BBVA, tariffs, Ukraine, and Brad Pitt. Spain is among the top beneficiaries of the EU-Mercosur agreement.

The European Union has initiated a vote on the Mercosur trade deal, with the European Parliament and member states set to cast their ballots. The agreement, which has been in negotiation for over two decades, has sparked controversy, particularly from the French government and the agricultural sector. The European Commission has acknowledged France's reservations and agreed to include safeguard clauses to protect European farmers. The deal is projected to boost EU exports by billions of euros and create hundreds of thousands of jobs. Despite criticism, the EU is pushing for the agreement, with some members, like Poland, potentially acting independently to ratify it. The Mercosur deal is considered one of the most ambitious trade agreements ever concluded by the EU to protect its food sector.