The European Commission is working on a new budget fund to compensate farmers for any negative impact from the EU-Mercosur agreement. A French diplomat described the proposal as “an interesting option.”
Several EU-wide organisations representing farmers across several sectors have reaffirmed their opposition to the EU-Mercosur Trade Agreement, as talks between both sides have restarted.
Italy's Deputy Prime Minister and top diplomat Antonio Tajani told a group of Brazilian businesspeople in Sao Paulo that they are working to accelerate the process and reach a positive conclusion.
French Prime Minister Michel Barnier reiterated France’s opposition to the EU-Mercosur free trade deal and confirmed his desire to seek a ‘blocking minority’, dashing hopes of finalising the deal at the upcoming G20 summit in Brazil.
Brazil asked the European Union not to implement regulations in its deforestation law at the end of the year as scheduled and asked for it to be revised to avoid hurting Brazilian exports.
South American trade bloc Mercosur would be willing to negotiate a trade agreement with China if it addresses the lopsided commerce between the two trading partners, Paraguay Foreign Minister said.