Environmental safeguards within the agreement, which were already insufficient even before COVID-19, have now made the document outdated.
Action would come in the face of the neighboring country’s announcement that it will abandon negotiations on the organization’s agreements.
Singapore said that it is in contact with South American bloc Mercosur after a member state pulled out of talks on new free trade agreements (FTAs) that the group is negotiating beyond the region.
Argentina has decided to withdraw from ongoing trade negotiations with regional bloc Mercosur as it turns its focus on the growing economic crisis at home.
Mercosur is negotiating with South Korea, Canada and Singapore, while Indonesia and Vietnam are possible candidates. Plus, a deal with the European Free Trade Association is in its final stages.
Lebanon is only a few steps away from signing a free trade agreement with Mercosur countries, the Uruguayan ambassador to Lebanon said
South Korea held the fifth round of free trade talks with a group of South American countries, including Brazil, with a goal of striking the deal this year.
The Walloon parliament has voted unanimously in favour of a motion critical of the trade pact agreed between the European Union and the Mercosur countries.
Mexico is negotiating with Brazil to expand economic cooperation and believes it can find areas of mutual benefit even though the Brazilian economy is “very closed,” Economy Minister said.
Brazil will seek to strike a Mercosur-United Kingdom trade deal post Brexit that could be similar to the trade agreement signed between the South American bloc and the European Union.
This study assesses the impact of the EFTA-Mercosur free trade agreement on access to medicines, indigenous rights and women rights.
The controversial Mercosur trade deal is incompatible with the EU’s commitment to carbon neutrality and “may undermine global efforts to avert runaway climate change”.
Belgium’s region of Wallonia is trying to block the EU-Mercosur free-trade agreement, just like it previously attempted with CETA, the EU-Canada free trade agreement.
The Mercosur agreement damages the environment, climate and small farmers.
Austria has thrown the European Union’s decades-long Mercosur trade talks into disarray after the country’s new government will not support the pact in its current form.
The high emission intensity of beef production in the Mercosur countries can reach levels that are more than double the emission intensity of Irish beef.
It is time that 21st century trade policy reflects 21st century emergencies and answers to the climate crisis.
The reality is that the EU-Mercosur FTA will cause a serious increase in global greenhouse gas emissions.
The failure to take recent data or events into account risks creating incorrect and biased results.
Farmers’ group outlined its concerns including the Mercosur trade deal, which it says “threatens the supply of safe, high-quality and certified food from the region with low-priced imports."