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News Wire / economy

EU-Mercosur Trade Agreement Takes Effect

Mastodon Brussels 12d10d Impact 8

Trade elements of the EU-Mercosur Agreement are set to take effect on Friday, May 1, without approval from the European Parliament. The Association of the German Automotive Industry expressed concerns about the EU's adherence to the trade agreement. Donald Trump has not provided specific reasons for his actions regarding a trade deal with the EU. The deal, voted on in late March by the European Parliament, includes conditions allowing the EU to revert if the US imposes surtaxes. The agreement still requires confirmation from the 27 member states. The deal has faced criticism from the EU's agricultural sector due to its potential impact on certain domestic productions. The cereal market has shown no clear trend this week, while olive oil prices have predominantly decreased. Livestock markets have seen widespread price stability.

Trade elements of the EU-Mercosur Agreement are set to take effect on Friday, May 1, without approval from the European Parliament. The Association of the German Automotive Industry expressed concerns about the EU's adherence to the trade agreement. Donald Trump has not provided specific reasons for his actions regarding a trade deal with the EU. The deal, voted on in late March by the European Parliament, includes conditions allowing the EU to revert if the US imposes surtaxes. The agreement still requires confirmation from the 27 member states. The deal has faced criticism from the EU's agricultural sector due to its potential impact on certain domestic productions. The cereal market has shown no clear trend this week, while olive oil prices have predominantly decreased. Livestock markets have seen widespread price stability. The agreement includes the addition of 180,000 tonnes of poultry and 99,000 tonnes of beef calves to current imports. The influx of beef calves is expected to represent 30% of the calves available on the European market. French beekeepers and outdoor livestock producers face economic threats due to these changes. The increase in supply is expected to impact prices paid to local producers.

Topics

trade EU-Mercosur

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Sources · 7 independent

Mastodon

“The trade elements of the EU-Mercosur Agreement are set to take effect from tomorrow, Friday May 1st, without approval from the European Parliament.”

Mastodon

“EU-Mercosur trade deal takes provisional effect, boosting hopes and concerns for millions”

Polskie Radio 24

“pierwszy maja 22 lata później to jest dzień z jednej strony wejścia, wejścia w życie umowy. Na razie tymczasowo umowy Unii Europejskiej z Mercosurem”

BR24

“Das EU-Freihandelsabkommen mit den südamerikanischen Merkosur-Staaten Brasilien, Argentinien, Paraguay und Uruguay ist heute vorläufig in Kraft getreten.”

BR24

“vorläufig in Kraft getreten. während die vier südamerikansischen Staaten das Abkommen berichten.”

BR24

“vorläufig in Kraft getreten. während die vier südamerikansischen Staaten das Abkommen berichten. Land werden langfristig etwa große Chancen für die Autoindustrie, der Maschinenbau und die Pharma-Branche gesehen.”

France Info

“c'est aujourd'hui qu'entre en vigueur de façon provisoire le traité de libre échange entre les pays du Mercosur et ceux de l'Union Européenne”

Polskie Radio 24

“trzy najważniejsze problemy, które funkcjonowały w tej debacie dotyczącej umowy Mercosur i tych negocjacji była, kwestia rolnictwa, kwestia usług i kwestia praw własności intelektualnych.”

CBN São Paulo AAC

“acordo Mercosul e União Europeia, prata Pivas aí que duraram quase três... décadas e finalmente a partir de 1º de maio começa a ser implementado.”

CBN São Paulo

“a implementação, o início, ainda que gradual, do acordo Mercosul e União Europeia, tratativas aí que duraram quase três décadas e finalmente a partir de 1º de maio começa a ser implementado.”

CBN São Paulo

“teremos aí na semana que vem, aliás no final desta semana, né? A implementação, o início, ainda que gradual do acordo Mercosul e União Europeia, tratativas aí que duraram quase três décadas e finalmente a partir de 1º de maio começa a ser implementado.”

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