European Commission President Ursula von der Leyen has promised EU farmers early access to €45 billion from 2028 under the next Common Agricultural Policy budget if the Mercosur trade agreement is signed in a last-ditch effort to secure backing for the deal.
The proposal comes at a pivotal moment to finalise the Mercosur agreement, a trade deal with regional heavyweight economies like Brazil and Argentina, for which negotiations have now dragged on for more than 25 years.
