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EU Commission endorses Mercosur deal despite French reservations

European Union Mercosur Commission Europe European Commission France Emmanuel Macron Ursula von der Leyen Brussels European Parliament

President of the European Commission, Ursula von der Leyen meeting with Uruguay's President Luis Lacalle, Foreign Minister Omar Paganini and Economy Minister Azucena Arbeleche at the Torre Ejecutiva, the government's headquarters, in Montevideo on 5 December 2024, in the framework of the LXV Mercosur Summit. AFP - HANDOUT

The European Commission has formally endorsed the long-debated trade agreement with the South American Mercosur trade bloc, hailing it as a chance to open up new markets for European exporters while promising fresh safeguards for farmers.

On Wednesday, Brussels signed off on the text – covering Argentina, Brazil, Uruguay and Paraguay – and attached a new “legal act” designed to shield “sensitive European products” from market disruption.

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