EU-Mercosur settlement “very bad”, “let’s build a new agreement”, says Macron in Brazil | EUROtoday

Emmanuel Macron insisted on Wednesday March 27 in Brazil that the commerce settlement negotiated between the European Union and the South American Mercosur bloc was a “very bad agreement” and referred to as to construct ” a new “.

“I prefer to put my foot down”the EU-Mercosur settlement “as it is negotiated today is a very bad agreement, for you and for us”he mentioned throughout an Economic Forum in Sao Paulo. “In this agreement there is nothing that takes into account the subject of biodiversity and climate. Nothing ! That’s why I say he’s not good”he asserted in entrance of an viewers of Brazilian businessmen.

The French president referred to as for the conclusion of one other settlement which takes into consideration environmental points for the EU in addition to for Mercosur, which brings collectively Brazil, Argentina, Uruguay, Paraguay and Bolivia.

A blocked settlement

“Let’s put an end to the Mercosur of twenty years ago! Let's build a new agreement (…) which is responsible from a development, climate and biodiversity point of view”he continued. “A new generation agreement with mirror clauses which will facilitate access to the European market for your companies (…) and which will be more demanding on both sides with our farmers, our industrialists”he mentioned.

The French president has greater than as soon as affirmed his opposition to this commerce settlement whose guidelines are usually not, in his eyes, “homogeneous” with European guidelines.

The draft treaty, discussions of which started in 1999, intends to take away nearly all of customs duties between the 2 zones by creating an area for greater than 700 million shoppers.

After a political settlement in 2019, opposition from a number of nations together with France blocked its ultimate adoption, an opposition which has strengthened with the agricultural disaster plaguing Europe. Other European nations akin to Germany and Spain, alternatively, are pleading for its conclusion and entry into pressure. Mercosur heavyweight, Brazil tirelessly defends the adoption of the settlement with the EU.