The European Union and South America's Mercosur bloc have reached a historic agreement on a long-delayed free trade deal, but the pact now faces fierce opposition in Europe, particularly from France.
The European Union and South America's Mercosur bloc have reached a historic agreement on a long-delayed free trade deal, marking a major step in global trade relations. However, the deal now faces significant hurdles for approval within the EU, with France leading the opposition.
French officials have branded the agreement "unacceptable," voicing concerns over imports of South American commodities like beef, which critics argue fail to meet the EU's stringent green and food safety standards. European farmers have also protested the deal, fearing it will undercut their markets with cheaper imports.
Meanwhile, countries like Germany and Spain have defended the agreement, emphasizing its importance in diversifying EU trade. Proponents argue the deal is critical in reducing reliance on China and compensating for the loss of the Russian market.
As the EU prepares to debate the deal, the pact faces a contentious path to ratification, reflecting stark divisions within the bloc over its trade priorities and environmental commitments.
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The European Union is reportedly considering banning the use of ethanol as an active ingredient in biocidal products — including hand sanitisers — due to rising concerns about potential cancer risks, the Financial Times reported on Tuesday.
The European Commission on Thursday proposed four European flagship defence projects - including a counter-drone system and a plan to fortify the eastern border - as part of a drive to get the continent ready to defend itself by 2030.
A planned meeting between Georgian Prime Minister Irakli Kobakhidze and the OSCE Chairperson-in-Office, Finnish Foreign Minister Elina Valtonen, was abruptly cancelled this week.
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A bill extending Israeli law to the occupied West Bank, a move widely seen as tantamount to annexation of territory sought by Palestinians for a future state received preliminary approval from Israel’s parliament on Wednesday.
United Nations Secretary-General António Guterres warned on Wednesday that the global trading system is under severe strain from escalating tariffs, with developing nations bearing the brunt of the impact.
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