The European Union is postponing the signing of a free trade deal with four Mercosur countries until January, an EU official said on Thursday.
The agreement between the EU and Brazil, Argentina, Uruguay and Paraguay, which has been in the making for over 25 years, was scheduled to be signed at a summit in Brazil on Saturday.
The controversial free trade deal is intended to boost trade between the economic blocs, but is viewed critically by some major EU countries including France, Poland and Italy.
Italian Prime Minister Georgia Meloni, however, said that her government would be ready to back to deal as soon as the European Commission delivers more reassurances to farmers.
Italy's support is required to reach the necessary majority of at least 15 of the EU's 27 states, representing 65% of the bloc's population, backing the deal and to pave the way for its signing.
latest_posts
- 1
A Republican elected governor in California? It's not as far-fetched as it sounds. - 2Instructions to Amplify Certifiable Experience While Chasing after an Internet Advertising Degree
- 3The Quadrantid meteor shower peaks tonight, but will the full 'Wolf Moon' outshine the show?
- 4Real time features for Films and Programs
- 5Volkswagen Plant Could Pivot From Building Cars to Supporting Iron Dome Systems
- Bestselling author Colleen Hoover reveals cancer journey
- The Most Vital Crossroads in Olympic History
- Addiction-stricken community struggles to keep a syringe program going after Trump's order
- Father and son spending Christmas together after health scares
- Which Exhibition hall Do You Suggest? Vote
- How mountain terraces have helped Indigenous peoples live with climate uncertainty
- Investigation reveals sperm donor passed on cancer risk to dozens of children across Europe
- West Antarctica’s history of rapid melting foretells sudden shifts in continent’s ‘catastrophic’ geology
- Peruvian ex-President Martin Vizcarra sentenced to 14 years in prison
