Impact of the EU-Mercosur Trade Agreement: Opportunities and Criticisms
The EU’s trade agreement with the Mercosur countries aims to create the world’s largest free trade zone, affecting over 700 million people. While the EU expects economic benefits and increased trade with Argentina, Brazil, Paraguay, and Uruguay, concerns arise from European farmers about competition and environmental standards. The agreement includes protective measures for sensitive agricultural products, but critics, including farmers and environmentalists, fear it may lead to adverse economic and ecological consequences. The ratification process faces challenges, particularly from France and Italy.