Macron says Mercosur-EU agreement is “very bad” for both sides

March 28, 2024

French President Emmanuel Macron told Brazilian business leaders that a proposed trade deal between the European Union and South America’s Mercosur bloc is outdated and needs to be overhauled.

https://p.dw.com/p/4eCg4

French President Emmanuel Macron gestures while speaking during the 'Brazil-France Economic Forum: The transition to the green economy', at the Federation of Industries of the State of São Paulo (FIESP), in São Paulo — Macron believes that the EU-Mercosur agreement needs to be renegotiated to take climate change into accountImage: ISAAC FONTANA/EPA/image alliance

A potential trade deal between the European Union and South America’s Mercosur bloc is “very bad” for both sides, French President Emmanuel Macron said on Wednesday during a visit to Brazil.

Speaking at a business forum in São Paulo, Macron said the Mercosur-EU agreement was outdated and needed to be revised to take climate change into account.

“The trade agreement with Mercosur, as it is being negotiated now, is a very bad agreement. For you and for us,” said Macron. “It was traded 20 years ago. We need to rebuild it.”

Macron’s comments were a reaffirmation of his opposition to the deal, which has been the most outspoken among European leaders.

Source: DW

Lori

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.

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