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
Medtronic has 'significant firepower' for multiple acquisitions, executives say - 2Pick Your Favored pizza beating
- 3Porsche May Kill the Electric Boxster Before It Ever Arrives
- 4NASA just launched Artemis 2. What happens today could make or break the moon mission
- 5Hamas delegation meets Egypt’s spy chief amid mutual ceasefire violation claims
- The Best Computer games Ever
- Shooting of MIT professor Nuno Loureiro has police searching for a suspect
- Where is Santa right now? NORAD tracks his 2025 Christmas Eve flight.
- Four countries to boycott Eurovision 2026 over Israel’s inclusion
- $1,000 bribes, Mormon momfluencer mixers and making content to get plastic surgery: The wildest things I learned reporting my book
- Most loved Specially prepared Espresso Mix: Which Meal Do You Adore the Most?
- Is an $85 apple pie worth it? Our Thanksgiving taste test says … maybe.
- Warnings rise for U.S. as severe flu strain causes outbreaks in Canada, U.K.
- Israel reports first missile fire from Yemen since start of Iran war
